#USJoblessClaimsDrop IQ/USDT
### Observations:
1. **Current Price**: The price is at **$0.009724**, showing a 24-hour gain of **+24.59%**.
2. **Moving Averages (MA)**:
- **MA60 (0.009770)**: The current price is slightly below the 60-period moving average, indicating bearish momentum.
- **MA5 (Short-term)** and **MA10 (Medium-term)** moving averages are visible, showing possible short-term trends.
3. **Volume**: Spikes in volume suggest recent high trading activity and volatility.
4. **Trend**: The price appears to have tested higher levels (24-hour high of **0.011157**) and is now pulling back, showing potential resistance at the higher levels.
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### Trade Strategy:
#### **Scenario 1: Bullish Signal**
- **Entry Point**: If the price sustains above **MA60 (0.009770)** with increased volume, it could signal a potential upward move.
- **Take Profit (TP)**:
- Short-term: **0.0105** (previous resistance area).
- Mid-term: **0.0111** (24-hour high).
- **Stop Loss (SL)**: **0.0096** (below recent support levels).
- **Risk-Reward Ratio**: Aim for a 1:2 or 1:3 ratio.
#### **Scenario 2: Bearish Signal**
- **Entry Point**: If the price breaks below **0.0097**, it could signal further downside.
- **Take Profit (TP)**:
- Short-term: **0.0095**.
- Mid-term: **0.0093**.
- **Stop Loss (SL)**: **0.0098** (above MA60 and recent high).
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### Signals:
- **Profit Signal**: If the price crosses and holds above **MA60 (0.009770)** or breaks above **0.0098** with volume confirmation.
- **Loss Signal**: If the price fails to hold **0.0097** and breaks lower with high selling volume. #BinanceAlphaAlert $IQ
