As of January 10, 2025, $IQ

/USDT is exhibiting strong bullish momentum, with a significant price increase over the past 24 hours.🔥💥💯

Technical Analysis:

Support Levels:

$0.007737 (Intraday Low)

$0.008923

$0.009728

Resistance Levels:

$0.01207 (Intraday High)

$0.011341

Trade Signals:

Entry Point: Consider entering a long position near the current price of $0.0112441, especially if the price maintains above the $0.009728 support level.

Stop Loss: Set a stop loss below $0.007737 to manage potential downside risk.

Target Levels:

1. Target 1: $0.0125 – Near-term resistance level.

2. Target 2: $0.0135 – Medium-term resistance area.

3. Target 3: $0.0150 – Ambitious target if bullish momentum sustains

Trade Momentum:

Short-Term: Strong bullish momentum is evident with the recent price increase; however, overbought conditions on indicators like RSI suggest a potential for short-term consolidation or pullback.

Medium to Long-Term: Analyses indicate a strong bullish trend, with potential targets up to $0.0150 in the coming weeks.

Recommendation:

Traders may consider entering a long position near the current price, targeting the levels mentioned above. It's crucial to monitor support and resistance levels and adjust positions accordingly, especially given the overbought signals in shorter timeframes.

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