LPT experienced long liquidation near $1.597, showing that buyers were forced out as price moved lower. The $1.60–$1.64 region is now an important resistance area; failure there could keep the short-term structure bearish.
Entry Zone: $1.585–$1.610
Resistance: $1.620–$1.650
Support: $1.530 / $1.475
TP1: $1.530
TP2: $1.475
TP3: $1.420
Stop-Loss: $1.665
My Take: The cleaner setup is a rejection around resistance followed by a break under $1.56. Selling volume would add confirmation. If LPT reclaims and holds above $1.665, the bearish setup is cancelled. Since liquidation moves can produce sharp rebounds, wait for confirmation rather than entering solely from the liquidation print
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