SamTheNoviceTrader

Greyscale will keep selling LPT until it hits support

Short
BINANCE:LPTUSDT   LPT / TetherUS
LPT is definitely a great project and worth hodling for the long term. I sold my LPT at 89 and now I'm looking for places to buy back. Keep in mind that greyscale has filled its bags when LPT was at 17-20 and they are still at +400% profit, so they will keep selling and trying to purchase more at lower prices. The first possible place for entry will be the previous ATH at 40-44 area, I will be buying again at that price. If that area is lost, the next support would be 30-33 and if the market turns bearish, we could see LPT back at 17-20 area.
I will start buying at the first support, cause I don't see it going below it for now.

STOPLOSS: Breaking the descending channel to the upside with a 4-hour close and a confirmation candle.
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