$IQ /USDT Price Action Update: Next Move Analysis!🔥💯
Current Price: $0.007475
Market Sentiment: After a sharp upward move, the price faced resistance near $0.007867 and retraced slightly, now stabilizing near key support levels.
Short Trade Setup:
• Entry Zone: $0.007450–$0.007400 (on break below support).
• Targets: $0.007300, $0.007200.
• Stop Loss: Above $0.007550.
Long Trade Setup:
• Entry Zone: $0.007500–$0.007550 (on bullish momentum confirmation).
• Targets: $0.007800, $0.008000.
• Stop Loss: Below $0.007400.
Market Outlook:
• If the price holds $0.007450, expect a bounce towards $0.007800 with bullish continuation likely.
• A break below $0.007400 could lead to further downside, testing $0.007200 or lower levels.
• The overall trend remains neutral, with the need for clear breakout confirmation.
Actionable Insight: Monitor volume and momentum for breakout direction. Use tight risk management as volatility remains high.