$IQ

/USDT Technical Analysis and Trade Signal

Current Price: 0.007631

24h High: 0.007830

24h Low: 0.006752

24h Change: +10.45%

Trend Analysis:

Bullish Momentum: The price has been rising with a strong bullish trend observed over the past 24 hours, trading above the 24h low and approaching the 24h high.

Support: 0.006752 (24h Low)

Resistance: 0.007830 (24h High)

Trade Signal:

Entry Point: 0.00755 – 0.00760 (near current price, waiting for short-term consolidation)

Target Levels:

Target 1: 0.00785 (resistance zone)

Target 2: 0.00820 (potential breakout level)

Target 3: 0.00850 (next significant resistance)

Trade Momentum:

Strong Uptrend: If the price holds above 0.00755, it is expected to continue higher towards Target 1.

Risk/Stop Loss: A stop-loss below 0.00725 (below recent support) to minimize downside risk.

This strategy suggests a short-term long position with targets set in a rising market. Monitor momentum closely for signs of reversal.

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