Technical Analysis for $IQ
/USDT🔥💯:
Current Price: $0.008517
Trend: Bullish (+12.05% increase in the last 24 hours)
Resistance Levels:
1. First Target (T1): $0.008913 (near 24-hour high)
2. Second Target (T2): $0.009200 (psychological resistance)
3. Third Target (T3): $0.009500 (next key resistance)
Support Levels:
Primary Support: $0.007536 (24-hour low)
Secondary Support: $0.007200 (potential support area)
Trade Signal:
Bullish Momentum: The price has been trending upwards, showing a positive movement with +12.05% in the past 24 hours.
Action: Consider entering a long position with the current price ($0.008517) and set targets at the resistance levels above (T1, T2, T3).
Trade Momentum:
Strong Bullish Momentum: The price is currently above the moving average and showing upward momentum. Watch for volume spikes to confirm continuation.
Stop-Loss: Set a stop at $0.007500 to manage risk in case of a reversal.