$LPT Looking at the *LPT/USDT* chart.
Key Observations:
1. *Massive Green Candle*:
- Price surged from around *5.12* to a high of *12.56*, currently sitting at *$12.29*, up *+121.95%* in one day.
- This is an extremely sharp move, often driven by big news, listing, or whale activity.
2. *RSI (Relative Strength Index)*:
- RSI is at *94.79*, which is extremely *overbought*. This is a strong warning that the asset may correct or pull back soon.
3. *MACD*:
- MACD just made a *bullish crossover* with strong upward momentum, confirming the breakout.
- However, this move may already be "too hot" in the short term.
4. *Volume*:
- Very high trading volume supports the move, but parabolic moves often cool down quickly.
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Conclusion:
- *Avoid buying now* — The rally is already extended, and RSI above 90 signals very high risk of a pullback.
- *Shorting is tempting*, but dangerous right now due to extreme volatility and ongoing momentum. If you want to short, wait for:
- A reversal candle (e.g. a doji or bearish engulfing).
- RSI to start dropping.
- Lower time frame (15m–1h) to show weakness.
*Right now, it's best to wait*. Don't chase or jump into shorts too early without confirmation — either can trap you.