$LPT Is Showing Consolidation At Strong Support Showing Clear Bullish Reversal It's a Good Time to Long
Why Long ❓ ❓
Reasoning: The price is consolidating at a strong support level around 3.180, with a previous rejection at 3.677, which is the key resistance. The consolidation near support suggests that buyers may step in soon, leading to a potential upward move. The stop loss is placed just below the recent consolidation range to minimize risk in case of a breakdown. The target is set at the 3.677 resistance level, where price has previously faced rejection. This setup aims to capture the bounce from the support level with a clear risk-to-reward ratio.
Trade Setup for LPT/USDT:
Entry: 3.180(current price)
Stop Loss (SL): 3.070(below consolidation support)
Take Profit (TP): 3.690(resistance zone)
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