$LPT / USDT: Liquidity Sweep Done – Bulls Preparing for a Bounce! 🌐🔥
The recent sell-off in Livepeer ($LPT) has finally stalled after a massive liquidity flush. We are seeing strong signs of absorption at the current base as bids start to reappear, suggesting that the downside momentum is losing steam.
📊 Technical Setup (LONG / FUTURE):
Entry Zone: $3.10 – $3.20 🎯 (Current Price: $3.48 – $3.50, look for a slight pullback)
Target 1 (TP1): $3.32 📈
Target 2 (TP2): $3.48 📈
Target 3 (TP3): $3.65 🚀
Stop-Loss (SL): $3.02 🛑 (Invalidates the bullish structure)
🔍 Market Insight:
Absorption over Distribution: The failure of the downside continuation after the flush points toward smart money accumulation rather than distribution.
Momentum Stabilizing: The RSI(14) is holding around 42 (Neutral), providing enough room for a bullish reversal as the market structure remains constructive as long as the $3.10 base holds.
Volume Spike: A 24-hour volume of $283M+ shows that $LPT is attracting significant attention, which often precedes a volatility-driven move.
⚠️ Strategy Note: With President Trump’s briefing around the corner, expect sudden "wicks." Keep your leverage low and respect the $3.02 SL to protect your capital.
Are you holding LPT for the $4.00+ target or scalping the current range? 👇
#LPT/USDT #Livepeer #CryptoTrading. #longsignal #TradingStrategy #BinanceSquare