$LQTY
/USDT Technical Analysis & Trade Signals
Trend Momentum:
Current Trend: Mild bullish momentum with support at $2.10 and resistance near $2.38.
Indicators:
RSI: Neutral to slightly overbought (~60-65).
MACD: Bullish crossover observed, signaling upward momentum.
Moving Averages: Price above the 50-EMA, indicating short-term strength.
Trade Signals:
Entry Point: $2.16 (current price).
Stop Loss: $2.05 (below key support level).
Targets 🎯:
1. Target 1: $2.30 (short-term resistance).
2. Target 2: $2.38 (recent high).
3. Target 3: $2.50 (psychological level & extended breakout target).
Momentum Outlook:
Bullish Scenario: Break above $2.38 with volume can lead to rapid movement toward $2.50.
Bearish Risk: If $2.10 support fails, expect a retracement to $1.95-$2.00.
Monitor market volume and updates for confirmation of momentum shifts.
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