$IQ /USDT: Consolidation Before Breakout?
Current Price: $0.007101
Trade Setup:
• Entry Zone: $0.007000–$0.007200
• Stop Loss (SL): $0.006800
• Take Profit (TP):
• TP1: $0.007500
• TP2: $0.008000
• TP3: $0.008500
Analysis:
$IQ is showing consolidation near a key support level. A breakout above the $0.007200 resistance zone could lead to strong upside potential.
Trading Strategy:
Wait for confirmation of breakout or retest within the entry zone. Adjust SL to breakeven once TP1 is achieved and secure profits along the way.