Technical Analysis for $LQTY /USDT
Current Price: $1.52
24h High: $1.608
24h Low: $1.463
LQTY/USDT has seen a pullback from the 24h high of $1.608 to the current price of $1.52, showing a slight bearish trend. The price is currently below the 24h high, but there's still potential for a reversal, depending on market sentiment and volume.
Support & Resistance Levels:
1. Support Levels:
Level 1: $1.463 (Recent 24h Low)
Level 2: $1.45 (Key psychological level)
Level 3: $1.35 (Stronger support area)
2. Resistance Levels:
Level 1: $1.60 (24h High)
Level 2: $1.65 (Key resistance area)
Level 3: $1.75 (Higher resistance)
Trade Momentum:
Bearish Momentum: The recent price movement shows a pullback, indicating potential bearish momentum. However, the volume at lower levels could signal a reversal if buyers step in.
RSI (Relative Strength Index): If RSI is under 30, there might be a buying opportunity as it suggests oversold conditions.
MACD (Moving Average Convergence Divergence): If the MACD line crosses above the signal line, it will confirm a potential bullish trend.
Trade Signals & Targets:
1. Target 1: $1.60
Condition: If the price breaks above the immediate resistance at $1.55, expect a potential move towards $1.60.
Momentum: Look for an increase in volume and a bullish MACD crossover.
2. Target 2: $1.65
Condition: A confirmed breakout from $1.60 with strong buying momentum could lead the price towards $1.65.
Momentum: RSI crossing above 50 and bullish market sentiment can push the price higher.
3. Target 3: $1.75
Condition: If LQTY/USDT continues its bullish momentum after breaking $1.65, $1.75 would be the next key resistance to watch.
Momentum: A sustained uptrend with increasing volume would validate this level.
Trade Setup:
Buy Entry: $1.50–$1.52 (if price consolidates above support levels)
Stop Loss: $1.45 (below recent low, protecting from further downside)
Take Profit: Target $1.60, $1.65, and $1.75 in stages as the price progresses.
