🚀 $IQ /USDT: TESTING SUPPORT – WATCH FOR A POTENTIAL BREAKOUT OR RETRACEMENT! ⚡
The $IQ/USDT pair is currently trading at 0.008496, holding near key support and resistance levels. Traders should monitor these levels closely for a potential breakout or retracement.
📊 Trade Scenarios:
Entry Point: 0.008496
Take Profit (TP 1): 0.008800
Take Profit (TP 2): 0.009100
Take Profit (TP 3): 0.009400
Stop Loss (SL): 0.008200
Support is at 0.008200, while resistance is at 0.008800. A breakout above 0.008800 could lead to further upside, targeting 0.009100 and 0.009400. A drop below 0.008200 might indicate a bearish retracement, leading to further declines.
📉 Market Outlook:
IQ is holding above 0.008200 support, showing potential for an upward move if it clears 0.008800 resistance. A breakout above this level could confirm bullish momentum, while failure to hold support may lead to a retracement.
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