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behdark
Apr 16, 2024 12:47 PM

LPT looks bearish Short

LPT / TetherUSBinance

Description

LPT seems to be forming a bearish triangle.

It seems to be at the end of wave D.

It is expected to go up a bit for wave E and then drop out of the red range.

The targets are clear on the chart.

If it reaches the red range, we will look for sell/short positions.

Closing 1 daily candle above the invalidation level will violate the analysis

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Trade active

31% of the announced range has been pumped.

We need confirmation and trigger for drop

Comments
LegionQ8
We'll see what can happen, but I'm a little not sure about this scenario
paksarweb
Grow soon 🔜
paksarweb
@paksarweb Chang mind , next target is 7
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