💎 Paradisers, #LPT is indeed a coin worth monitoring closely.
💎 After successfully breaking above the resistance area of the ascending triangle and transitioning into the support region, LPT's current price action suggests bullish momentum.
💎 The price is likely to undergo a retesting phase, potentially revisiting the support zone around $16.7 - $15.9 before resuming its upward movement towards our target strong resistance area.
💎 However, if LPT fails to bounce during the retesting phase and the support proves to be weak, it could signal a bearish turn of events. In such a scenario, the ascending triangle pattern would fail, and LPT might resume its downward movement, heading towards the demand area around $14.15.
💎 Considering the historical price behavior, LPT has previously demonstrated strong bounces when reaching the demand area.
💎 But if LPT fails to bounce at the demand zone and breaks below it, along with breaching the support trendline, it would validate a bearish scenario. This would entail the bullish invalidation, indicating a continuation of the downward movement with the price potentially dipping even further.
MyCryptoParadise
iFeel the success🌴
💎 After successfully breaking above the resistance area of the ascending triangle and transitioning into the support region, LPT's current price action suggests bullish momentum.
💎 The price is likely to undergo a retesting phase, potentially revisiting the support zone around $16.7 - $15.9 before resuming its upward movement towards our target strong resistance area.
💎 However, if LPT fails to bounce during the retesting phase and the support proves to be weak, it could signal a bearish turn of events. In such a scenario, the ascending triangle pattern would fail, and LPT might resume its downward movement, heading towards the demand area around $14.15.
💎 Considering the historical price behavior, LPT has previously demonstrated strong bounces when reaching the demand area.
💎 But if LPT fails to bounce at the demand zone and breaks below it, along with breaching the support trendline, it would validate a bearish scenario. This would entail the bullish invalidation, indicating a continuation of the downward movement with the price potentially dipping even further.
MyCryptoParadise
iFeel the success🌴
Dagangan ditutup: sasaran tercapai
Bingo! #LPTUSDT is dancing to our tune, up 42.60% just like we predicted.
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🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.