$LPT/USDT 1D (#Bybit) Descending trendline breakout & pullback

LivePeer Token is pulling back to 200MA after breaking the downtrend, a bounce towards Fib 0.786 would make sense.

⚡️⚡️ #LPT/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.8X)
Amount: 6.3%

Current Price:
8.515

Entry Targets:
1) 8.472

Take-Profit Targets:
1) 10.694

Stop Targets:
1) 6.987

Published By: @TradingOn

Risk/Reward= 1:1.5
Expected Profit= +47.2%
Possible Loss= -31.6%
Estimated Gaintime= 1.5 months

$LPT #LPTUSDT #LivePeer #Web3 #DeFi

Trade closed: stop reached:

SL was hit with -31.6% (1.8x) and -1.0R

LivePeer did not bounce at all and continued dropping, at least we got stopped out on time.