Everyone’s looking at the majors but $LPT is doing something very sneaky right now.
We had that massive wick up to 2.60 yesterday which got sold off pretty fast, and now we’re just bleeding out slowly. It’s sitting right at 2.45 and honestly it looks exhausted. There is some minor support around this 2.43 level where it bounced before, but the candle bodies are getting smaller and smaller. If we lose 2.40 it’s probably going to be a quick trip back down to the 2.35 range. Volume is super dry on this move down which is the only thing giving the bulls a tiny bit of hope for a fakeout. I’m staying hands off until I see an impulsive green candle take back 2.50.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Everyone’s looking at the majors but $LPT is doing something very sneaky right now.
We had that massive wick up to 2.60 yesterday which got sold off pretty fast, and now we’re just bleeding out slowly. It’s sitting right at 2.45 and honestly it looks exhausted.
There is some minor support around this 2.43 level where it bounced before, but the candle bodies are getting smaller and smaller. If we lose 2.40 it’s probably going to be a quick trip back down to the 2.35 range.
Volume is super dry on this move down which is the only thing giving the bulls a tiny bit of hope for a fakeout. I’m staying hands off until I see an impulsive green candle take back 2.50.
#GateSquare$50KRedPacketGiveaway