*๐ LPT Breakout Watch: Bulls Prepping for Next Move! ๐*
โ
๐ *Current Price:* 6.229
LPT just broke out of a *down channel* ๐ป and is holding above the 100-period Moving Average ๐ช. The price pulled back slightly, but structure looks healthy and ready for the next leg up.
โ
๐ *Chart Breakdown:*
- โ *Downtrend broken*
- โ *Support Area* held strong near5.60
- โ *Price > 100 MA* = bullish sign
- ๐ *RSI* has reset near 45, giving bulls room to run again
โ
๐ *Trending Signals:*
- Bullish breakout from down channel
- Higher lows forming ๐ผ
- RSI reversal zone confirmed
- Holding MA support ๐
โ
๐ฏ *Targets to Watch:*
- TP1: *6.454*
- TP2: *6.779*
- TP3: *7.145*
- SL: Below *6.00* (depending on risk appetite)
โ
๐ฎ *Prediction & Analysis:*
LPT looks primed for a bounce back toward the 6.45โ7.14 zone ๐. If it reclaims 6.45 with volume, momentum could accelerate quickly. RSI has room to rise, and trend structure supports continuation.
โ
๐ก *Trade Idea (Short-Term Swing):*
- *Entry:*6.20โ6.25
- *SL:*5.95
- *TP Zones:* Ladder from 6.45 โ7.15
โ
โ ๏ธ Keep an eye on volume and RSI crossing above 50 โ thatโs the green light for the next move! ๐ฅ
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