$LPT
LPT Futures Call (LONG) - Potential Setup:
For those looking at a potential long position, here's a breakdown:
Entry Zone: $3.10 – $3.2
Stop-loss: $2.95
Take Profit 1 (TP1): $3.35
Take Profit 2 (TP2): $3.60
Take Profit 3 (TP3): $3.90
Livepeer is currently holding firm near its 200-day Exponential Moving Average (EMA200) around the $3.10 mark, a level historically defended by buyers. With the 7-period RSI in oversold territory and robust trading volume exceeding $259M, any potential rebound could gain momentum swiftly.
As long as $LPT maintains its price above the $3.10 base, the technical structure suggests a recovery towards the $3.35 to $3.90 range. This setup presents a near-price long opportunity with a tight risk profile and significant upside potential if the anticipated bounce materializes.
Tight risk, strong upside if bulls step in. #LPT #Livepeer #Crypto #Trading #TechnicalAnalysis