$LPT #TrendTradingStrategy
Technical Overview (1D Chart on Binance)
Trend Summary:
Strong downtrend in 2024 → bottomed out around $3.50
Rebounded ~69.39% over 90 days — strong accumulation visible
Near resistance zone with tightening consolidation → breakout potential
Long Position Strategy (Bullish Trade Setup)
Entry Zones (Buy the Dip):
• Primary Accumulation Zone: $5.80 – $6.20
• Support Zone for Bounce: $5.50
Target Zones (TP):
• TP1: $7.20
• TP2: $8.80
• TP3: $10.50
• Extended: $14.00+ (if breakout above structure succeeds)
Stop Loss:
• $5.35 (below last higher low)
Advise Confirmation:
• Look for breakout above $6.50–6.70 zone with volume surge and RSI > 60
• MACD turning bullish supports trend continuation
• Long Setup Active Now: Enter with small size and scale up after $6.70 breakout
• Short Watch: Set alerts at $7.00 for potential rejection trades
• Risk management: 1–2% risk per trade, trailing SL above TP1