📈 $LPT Breakout Play: Bulls in Control, Momentum Trade Active
Bias: Bullish (Momentum-driven, caution near resistance)
Market Structure LPT has confirmed a bullish market structure on the 1H timeframe. Price aggressively broke out from the 2.75–2.80 base, printed a strong impulsive leg, and is now forming higher highs and higher lows. The move is clean, indicating real demand rather than a low-liquidity spike.
Key Levels
Immediate Resistance: 3.70 – 3.75 (intraday high & psychological zone)
Major Supply Zone: 3.45 – 3.60 (previous supply, partially absorbed)
Strong Support: 3.15 – 3.20 (bullish retest zone)
Invalidation: Below 2.95 (break of structure)
Volume & Flow Analysis
Volume Expansion: Clear volume spike on the breakout confirms institutional participation.
Order Book: ~62% bid dominance, showing buyers are still defending dips.
On-chain Flow: Large holders withdrawing LPT from exchanges → reduced liquid supply, a bullish continuation signal.
Indicators Snapshot
EMA Stack: Bullishly aligned, price holding above key EMAs.
MACD: Strong positive momentum, no bearish divergence yet.
RSI: RSI6 & RSI12 above 70 → overbought, but typical during strong trend expansions.
Risk Notes
Short-term pullbacks are likely due to overbought RSI and rising volatility (ATR & STDEV).
Best continuation entries are on controlled pullbacks, not green candle chasing.
Conclusion LPT remains a momentum buy while above 3.15, with upside continuation toward 3.75+ if volume sustains. Trend traders stay with the move; scalpers watch for rejection signals near resistance.
