Description
⋅ Livepeer (LPT) hit a low mid-May, the strong shakeout that happened 5-6 June lead to a higher low followed by a new intra-day high.
We also have a volume breakout in the last two days but volume is not available on this chart.
All in all; When a strong negative event fails to crash the market, we take it as a bullish signal rather than a bearish one.
That fact that this pair remains within a higher low compared to mid-May and early January 2023, is all we need.
This is a great setup for traders... A very high rewards potential, very low is the risk.
With multiple trades like this, diversification and patience... We are sure to win.
Namaste.