$IQ /USDT Trading Signal – Ready to Push Higher?
Current Price: $0.008266 (+8.76%)
24h Range: $0.007490 - $0.008913
Volume: 2.31B IQ ($19.23M USDT)
Market Analysis
IQ/USDT has gained nearly 9% today, breaking above critical resistance at $0.0080. The price has retraced slightly, consolidating near the $0.0082 support level, signaling potential for another upward leg.
Trading Signal
Entry Range: $0.00820 - $0.00840
Target Levels:
Target 1: $0.00860 (Resistance retest)
Target 2: $0.00890 (24h high breakout)
Target 3: $0.00920 (Extended bullish target)
Stop Loss: $0.00800 (Below key support)
Observations
Bullish momentum remains strong, supported by high trading volume.
Consolidation near $0.0082 suggests accumulation by buyers.
Watch for a breakout above $0.0086 for confirmation of further upside.
Action Plan
Consider taking partial profits near $0.00860 and $0.00890 while trailing stop losses to lock in gains for potential moves toward $0.00920.