LPT has broken long term descending channel after almost 2 months, currently trading above trendline, if it continuously trades above this trendline, we might think about long setup.
Hi Guys
LPT is looking good on weekly chart
***Breakout of falling wedge then retest***
**** RSI is too close of breaking out the trend line****
Targets on chart .
PLZ DYOR
Disclaimer: This article is for informational purposes only and not financial advice. Conduct thorough research and consult with professionals before making investment decisions.
Good luck.
#LPT
We have had a bear flag since May 2020
We have strong upward momentum and oversold on the MACD
We have a clear breakout of the Moving Average 100
Current price 7.42
First goal 10.11
Second goal 13.20
Which represents 210% of the current price
4h time frame
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LPT has been consolidating for two months since reaching 9.26 in August. This consolidation structure is going to be a potential triangle pattern, which tends to be continuation structure.
If LPT can break above this triangle, we can set up a great trading plan, its risk to reward ratio is 4.
TP: 9.9~10.7
SL: 5.05
LPT might go higher soon. If market stay stable without any huge volatility we can see maybe like 5-10% downside to fill the bags and then quite big move up. Playing spot only here. Lets see. GL
NOT A FINANCIAL ADVICE + USE STOPLOSS + MANAGE YOUR RISK
Welcome to this quick LPT/BTC analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-LPT/BTC PARALLEL CHANNEL and buy the green zone and (SPOT CALL)
Entry:-0.0004585,0.0004900
Traget:- 40%
Stoploss:- 0.0004210
Remember:-This is not a piece of financial advice. All investment made by me is at my own risk and I am held...
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I have tried my best to bring the best possible outcome in this chart, Do not consider...
hey traders, there is LPT, we need closing above the blue line for 1D bar to get the green lines (short term's targets)
the yellow lines (long term's targets) and the stop loss is a close under the red line for 1D bar
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trade carefully guys and don't forget the risk management.
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SNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS SO THEY CAN ACT LIKE PIVOT POINTS AND REVERSE THE WAVE (or act like a mirror that can reflects light) BASED ON...
