$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.