LPT/USDT Breakout the Bullish Pennant, Pumping is coming ??

Yello Paradisers, LPT Analysis: Strong Bounce and Bullish Breakout

💎 LPT experienced a strong rejection after touching the support trendline of its Bullish Pennant pattern, only to bounce back vigorously and break out of the pattern.

💎 Notably, this support trendline also aligns with the golden Fibonacci level of 0.618, which likely contributed to the robust bounce and breakout, facilitated by high trading volume.

💎 LPT is expected to retest the now-support trendline, previously resistance, of the Bullish Pennant before continuing its upward trajectory to set new highs.

💎 Invalidation Scenario: This bullish outlook would be nullified if LPT experiences a false breakout, breaking below the support trendline of the Bullish Pennant and closing beneath it.