LPTUSDT trade ideas
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
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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 🦐
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.
LPTUSDT----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
LPT LivePeer LONG 20220805Signal: Red -> Green
Context: Green
There is possible for a AB-CD
Risk Reward: 3.5
LPT, LPTUSD, LPTUSDT, LPTUSDTP, CRYPTO, CRYPTOCURRENCY, LIVE PEER
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.