$LPT
LPT
3.271
-1.94%
Take profit has been reached, observing whether the second wave is a double top structure or a breakout
$LPT
Today, LPT's single-day increase reached as high as 30%, with a peak touching 24.464. Faced with such a rapid rise and an obviously overheated sentiment, I shorted at 24.310, which was almost at the peak.
This is my first time dealing with a cryptocurrency like LPT. To control risk, I only used 2x leverage. Compared to assets I am more familiar with and have more confidence in, I would only use up to 3x leverage at most, and in situations with higher uncertainty, I would rather earn less but prioritize protecting my principal and reducing potential risks.
From the market performance perspective, although LPT's increase is eye-catching, the overall market trend is clearly downward. On the technical side, the pressure above the premium area is evident, with the price failing to effectively break through after several tests, followed by a certain degree of pullback, currently approaching the equilibrium zone and the support area below. For this type of trend, I tend to believe that the market will primarily focus on correction in the short term.
The equilibrium area shows obvious attractiveness, and currently, my take-profit level is set at 20.7. We are currently approaching this balance point. This is a key area worth paying attention to, as it may become a critical position for short-term battles between bulls and bears.
A veteran investor in US and Hong Kong stocks for 10 years, now a newcomer in the crypto world. This account has increased from 150 USDT to 320 USDT in just 3 days, with a maximum leverage of 3X (not including the profits from this trade). Finally, I wish everyone prosperity!
Today, LPT's single-day increase reached as high as 30%, with a peak touching 24.464. Faced with such a rapid rise and an obviously overheated sentiment, I shorted at 24.310, which was almost at the peak.
This is my first time dealing with a cryptocurrency like LPT. To control risk, I only used 2x leverage. Compared to assets I am more familiar with and have more confidence in, I would only use up to 3x leverage at most, and in situations with higher uncertainty, I would rather earn less but prioritize protecting my principal and reducing potential risks.
From the market performance perspective, although LPT's increase is eye-catching, the overall market trend is clearly downward. On the technical side, the pressure above the premium area is evident, with the price failing to effectively break through after several tests, followed by a certain degree of pullback, currently approaching the equilibrium zone and the support area below. For this type of trend, I tend to believe that the market will primarily focus on correction in the short term.
The equilibrium area shows obvious attractiveness, and currently, my take-profit level is set at 20.7. We are currently approaching this balance point. This is a key area worth paying attention to, as it may become a critical position for short-term battles between bulls and bears.
A veteran investor in US and Hong Kong stocks for 10 years, now a newcomer in the crypto world. This account has increased from 150 USDT to 320 USDT in just 3 days, with a maximum leverage of 3X (not including the profits from this trade). Finally, I wish everyone prosperity!
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