💎 LPT has recently demonstrated significant market dynamics, currently resting on the demand area and displaying signs of a bounce in recent candle movements.
💎 This bounce suggests a potential resumption of upward momentum for LPT, with a likely scenario being a return to retest the Bearish Order Block (OB), probability representing our target area.
💎 However, should LPT break below the demand area, the next significant level to watch for is the support area around $9.35. A breach of this support level would be considered unfavorable, indicating a continuation of the downward movement for LPT.
💎 Upon reaching the support area, it is crucial for LPT to bounce back if it intends to sustain its upward trajectory. Conversely, if LPT breaks below the support level, it would confirm a bearish trend, potentially leading to further downward movement.