Technical analysis by ALIHAMID about Symbol LPT: Buy recommendation (5/5/2024)

After posting recent high of 27.4, LPTUSDT is in downtrend. Now it gave breakout of falling wedge pattern on daily and 4 hrs time frame. after breakout, it is going to test downward trend line. If the bulls get the momentum and show strength, then it may test recent high around 26.7 to 27.4 level. Further, to add bullish bias, bullish divergence is also appeared on 4 hr time frame in near past. Entry Price: 15.70 TP-1: 22.17 TP-2: 26.7-27 SL:8.90TP-1 hit