đ $LPT /USDT Technical Analysis (4H Chart)
đ° Current Price: $7.702 (+1.46%)
đ Moving Averages:
MA(7): $7.724
MA(25): $7.697
MA(99): $7.467
đ Price is squeezed tightly between key MAs and at the wedge tip â a high-volatility move is imminent.
đ Falling Wedge Pattern:
The wedge structure has formed since the $14 spike â and now, price is pushing against the upper trendline.
This is the 4th touch, and statistically, that often precedes a breakout.
If bulls flip $7.80 with volume, it could be a fast squeeze toward $8.40+.
đ Current Setup Highlights:
Price is holding above MA(99), and MAs are flattening â momentum shift likely.
Lower timeframe breakouts already visible â 15M chart confirms wedge pressure.
Volume uptick will be the final trigger.
đ§± Key Levels:
Resistance: $7.80 â $8.30 â $8.85
Support: $7.50 â $7.20 â $6.80
đŻ Trade Idea:
Breakout entry: Above $7.80
Targets: $8.30 / $8.85
Stop-loss: Below $7.47 (MA99) or wedge lower boundary
â ïž DYOR â Do Your Own Research.
This is not financial advice. Markets can be volatile â always trade responsibly!