đ $LPT đŽ Sell : 1.34334 â 1.317 | Clean
This LPTUSDT chart just caught my attention for a short.
đ Technical Analysis (15M):
Price is pressing into the 1.34334 to 1.317 zone after a weak bounce that ran out of steam. Momentum is fading. Each push higher is getting sold. On the 15-minute, we are seeing lower highs form while price stays below the invalidation. Clearly sellers are still in control here. đ
The 1.35651 area is the ceiling. Every bounce into it gets capped and rejected. Volume does not support the bulls. When price gets near this resistance, buying dries up fast. That tells me the path of least resistance is down, not up. đ§
The is simple. Sellers defend the resistance zone, and if they push through 1.317 with force, the door opens for a clean move lower. Watch for a breakdown below the to confirm. âł
Now let's walk the Levels: đŻ
Level 1: 1.32351915 - This is the first hurdle and immediate support. If price cannot hold here, the next leg down starts.
Level 2: 1.3168683 - This is the gatekeeper. A clean break here confirms the short is working.
Level 3: 1.31021745 - Momentum shifts firmly in our favor if we get here.
Level 4: 1.3035666 - The runner Levels: . If this level hits, the played out.
đŽ Invalidation: 1.35651
This is where I am wrong. If price reclaims and holds above 1.35651, the short thesis is dead. Simple as that. No arguing with the chart. â
đ Crypto Alert
This LPTUSDT chart just caught my attention for a short.
đ Technical Analysis (15M):
Price is pressing into the 1.34334 to 1.317 zone after a weak bounce that ran out of steam. Momentum is fading. Each push higher is getting sold. On the 15-minute, we are seeing lower highs form while price stays below the invalidation. Clearly sellers are still in control here. đ
The 1.35651 area is the ceiling. Every bounce into it gets capped and rejected. Volume does not support the bulls. When price gets near this resistance, buying dries up fast. That tells me the path of least resistance is down, not up. đ§
The is simple. Sellers defend the resistance zone, and if they push through 1.317 with force, the door opens for a clean move lower. Watch for a breakdown below the to confirm. âł
Now let's walk the Levels: đŻ
Level 1: 1.32351915 - This is the first hurdle and immediate support. If price cannot hold here, the next leg down starts.
Level 2: 1.3168683 - This is the gatekeeper. A clean break here confirms the short is working.
Level 3: 1.31021745 - Momentum shifts firmly in our favor if we get here.
Level 4: 1.3035666 - The runner Levels: . If this level hits, the played out.
đŽ Invalidation: 1.35651
This is where I am wrong. If price reclaims and holds above 1.35651, the short thesis is dead. Simple as that. No arguing with the chart. â
đ Crypto Alert