After reaching a peak of \$7.392, \$LPT dropped sharply, slipping under important moving averages and settling near short-term support at \$6.373. Sellers continue to hold control, defending resistance zones and keeping the price below the MA7 and MA25. Without a decisive bullish move, selling pressure is expected to remain in play.
**Trade Plan (Short Position):**
* **Entry:** \$6.50 – \$6.55
* **TP1:** \$6.38
* **TP2:** \$6.25
* **Stop Loss:** \$6.68
**Market View:**
The trend remains bearish as price struggles to recover. A clean drop under \$6.37 could pave the way for a slide toward \$6.20, while climbing above \$6.68 would be an early indication of buyer strength.
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LPTUSDT
Perp
6.444
-6.25%