LPTUSDT trade ideas
Long LPT
LPT has been consolidating around the trendline starting from July 2022. In high time-frame (2D), we can see better this consolidation with the below screenshot.
In lower time-frame (4H), prices are about to break the local trendline (to be confirmed).
If break-out is confirmed, we can consider the setup as in chart with good R:R (5.8)
LPTUSDT breakout from the Accumulation Phase!The accumulation phase is a stage in the trading cycle where buyers are slowly and steadily accumulating an asset, often at lower prices. This process can be seen as a prelude to a larger bullish move, as the accumulation of assets by these buyers can lead to an increase in demand and push the price up.
In the case of LPTUSDT, the recent breakout from an accumulation phase between daily structures signals the end of this phase and the start of a potential uptrend. The price is now testing the previous resistance as new support, and traders will be watching for any signs of new volume load to confirm the trend. According to Plancton's Rules, the target for the price could be in the 9.6$ area, so According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
LPT Bullish TriangleThe cryptocurrency maintains an upward trend. The price was delivered to the buyer's area of interest, where the purchase volumes began to appear. I expect a breakdown of this local slope and consolidation above it. After breaking through this level, the target will be the previous local maximum of the price - 8.75.
LPT CAN GO UPPERHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the LPT symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LPTUSDT | APPROACHED TO SUPPORTLPTUSDT has been trading in a bearish trend . The price has been making lower lows and lower highs.
Now after breaking some major support, price has approached to strong horizontal support zone .
The price has printed bullish divergence on RSI too.
. The bulls can take control from here.
Manage your levels accordingly.
LPTUSDT needs to hold the supportThe price lost the ascending channel on the 4h timeframe, and after the breakout the price bounced until the 0.618 Fibonacci level where the market has a supply zone.
How to approach it?
IF the price is going to lose the current support, we could see a new bearish impulse, so According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
LPTUSDT | BREAKOUT SETUPLPTUSDT has breakout above the falling resistance. The price now need to sustain above the broken resistance. The price may retest the breakout zone. The bulls need need to hold the price above the broken resistance.
The bulls are in complete control.
Trade your levels accordingly.
LPTUSDT | CHANNEL BREAKLPTUSDT has been trading in a parallel channel .The overall trend is bearish . The price is near to lower boundary of channel. The price action near the support projects a break of channel.
The bears need to break below the channel. The bears will be active to bring price action below.
Trade your levels accordingly.
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