$LQTY

/USDT Technical Analysis & Trade Signal

Current Price: $1.72 (Up 0.52%)

Technical Indicators:

RSI (Relative Strength Index): Neutral around 50, suggesting no overbought or oversold conditions.

MACD (Moving Average Convergence Divergence): Bullish crossover recently, indicating potential for upward momentum.

Support Levels: $1.481 (24h Low), $1.466 (Recent lower support)

Resistance Levels: $1.753 (24h High), $1.763 (Immediate resistance)

Trend Analysis:

Short-Term Trend: Slightly Bullish. The price has shown consistent upward movement since touching the low of $1.481.

Medium-Term Trend: Sideways with bullish potential, as the market hovers near $1.72.

Volume Analysis: Trading volume has been healthy, with a slight increase in buying volume signaling a possible upward move.

Trade Signal:

Entry: $1.72 (current market price)

Target Levels:

1. Target 1 (First Resistance): $1.75

2. Target 2 (Mid-Resistance): $1.77

3. Target 3 (Strong Resistance/High): $1.80

Stop Loss: $1.46 (support below recent price)

Trade Momentum:

Bullish Momentum: With a confirmed upward crossover on the MACD and no signs of oversold conditions, there is strong momentum for upward movement.

Risk Management: Be cautious of a sharp pullback towards $1.46 if the support fails to hold.

This setup presents a moderate risk, with targets looking to capture the recent rally. Maintain stop-loss discipline for potential reversals.

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