$LPT “Overheat Reversal” After Parabolic Spike.....

$LPT just printed a textbook parabolic run-up followed by a sharp upper wick rejection near 6.45. This kind of vertical extension often leads to a cool-down phase perfect timing for tactical shorts.

📉 Short Trade Setup

• Entry Zone: 6.28 – 6.34

• TP1: 5.95

• TP2: 5.68

• TP3: 5.40

• Stop Loss: Above 6.48

Market Insight:

The hourly chart is screaming buyer exhaustion. Consecutive large green candles gave way to a reversal wick, suggesting the top is likely in. RSI likely overheated, and smart money may be rotating out.