$LPT /USDC BULLISH CONTINUATION SETUP
Market Structure:
Price has flipped and held above the Supertrend (10,3), confirming a bullish trend shift. Strong impulsive move from the recent swing low followed by healthy consolidation indicates accumulation rather than distribution. Volume expansion on the breakout supports trend continuation.
Trend & Indicators:
Supertrend support holding firmly below price
Higher high and higher low structure intact
Moving averages are turning upward, acting as dynamic support
Momentum remains positive despite prior long-term drawdown, suggesting a relief-to-reversal phase
Trade Plan – LONG SETUP:
Entry Zone: Break-and-hold above the recent consolidation high
Targets (TP):
TP1: Previous intraday resistance zone
TP2: Upper volatility band / recent rejection zone
TP3: Trend extension level near prior supply
Stop Loss (SL): Below Supertrend support and last higher low
Bias: Bullish continuation as long as Supertrend support holds.
Risk Management:
Risk only a small, fixed percentage per trade, wait for confirmation on lower timeframes, and trail stop loss once first target is secured.
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