$LPT – that's a chart with a story.
Been a bit of a grind downwards since those late May highs.
The price action shows sellers firmly in control for a while now.
We're testing this critical support around $8.16 right now.
It's held up before, but the overall trend is pretty clear.
If this level breaks, we could easily see a retest of the $7.12 area.
For a reversal, I'd want to see a strong push and hold above the $9 mark, maybe even higher, to really shift the narrative.
Otherwise, expect more pressure.
Just being real with what the candles are telling us.
