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Lptusdtsignal

Is LPTUSDT Poised for a Major Breakout or a Fakeout?Yello, Paradisers! Ready to dive into the latest on #LPTUSDT? We've been watching closely as LPT shows some promising bullish signs? Let's break it down. 💎#LPT has successfully broken out of a descending resistance, which is a positive momentum shift. The struggle to break the trendline was evident, and now, all eyes are on one crucial confirmation, if the price successfully breaks out above the $12.82 resistance level, we could see a significant upward movement. This could lead LPT to easily reach our target at the strong resistance area. 💎But let's not get too comfortable just yet. The worst-case scenario would be a fakeout, where LPT fails to hold above this breakout level. If that happens, there's a high probability that the price will revisit the strong support area, which could spell trouble. Last time, LPT rebounded significantly after hitting this strong support, so we could see history repeat itself in the coming days. 💎However, if the daily candle closes below the strong support area, this would invalidate the bullish outlook. In that case, we could be looking at a continuation of the downward trend, with prices dipping further. Stay sharp, and remember that in trading, patience and discipline are key. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
2
LPT/USDT Break alert!! Possible is continue upward after retest!💎 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🌴
by MyCryptoParadise
2
LPT/USDT Keep an eye on the support, potential bounce back to UP💎 LPT has recently encountered significant market dynamics, experienced rejection and forming a double-top pattern in the hourly timeframe. If this pattern holds true, there is potential for LPT to undergo a retest of the support area around 16.5. 💎 If LPT shows signs of bullish rejection at the support, such as forming bullish candle patterns, there is potential for the price to bounce and resume its upward trajectory, potentially testing the strong resistance area once again. 💎 However, if LPT fails to bounce when it reaches the support area, and even breaks down below it, it would signal bearish momentum, with the price potentially targeting the demand area. 💎 When LPT reaches the demand area, it must bounce and reclaim the area above the support at 16.5. A successful bounce would indicate a potential return to upward movement. However, failure to do so could lead to continued downward movement, with the price potentially declining further.
by MyCryptoParadise
43