💎LPT has undeniably garnered significant attention in the market. Currently, it is in the process of climbing upward towards a resistance level, and coincidentally, the resistance trendline is also converging in that area.
💎 If LPT successfully breaks out of this resistance, it could trigger a substantial upward movement on the chart, probability reaching our target at the strong resistance area.
💎 Conversely, if LPT fails to break through the resistance, the price may retreat to retest the support bullish trendline. In such a scenario, the price must bounce from the support because a breakdown of the bullish trendline would indicate a shift back to a downward movement, with the support area around 5.95 as a possible target.
💎 Upon reaching the support, LPT needs to bounce from this level. To sustain the upward movement, LPT would need to reclaim the area above the support bullish trendline. Failure to do so could lead to the breakdown of the demand area, resulting in further downward movement in the price, possibly returning to the demand area or even lower.
Trade closed: target reached
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Bingo! #LPT is dancing to our tune, up 170.35% just like we predicted.