🚨 $LPT – Bull Trap or Just the Beginning of the Drop?
Short Zone Activated – High-Risk Bulls May Get Burned
After an explosive breakout to $10.78, Livepeer ($LPT) has reversed sharply, now trading near $8.78 — shedding gains fast and flashing warning signs across the board. The 4H candle’s extended upper wick screams rejection, hinting at a classic bull trap and signaling a potential fakeout reversal in motion.
🔻 Short Setup – Precision Play (4H Chart)
Entry Zone: $8.78 – $8.95
Take Profit 1: $8.20
Take Profit 2: $7.60
Stop Loss: $9.12
Invalidation: A decisive reclaim and close above $9.00 breaks this setup.
📊 Why This Matters:
Bearish rejection off key resistance ✅
Volume declining on pullback – buyers fading ✅
Momentum cooling – wick traps likely before further downside ✅
🧠 Pro Tip: Watch for a final deceptive wick toward $9.00 — this could bait fresh longs before the next leg down. Ideal for surgical short scalps with tight risk control.
Stay sharp. The bulls had their moment — now it’s time to hunt smart on the short side.
