🚀 $IQ /USDT Technical Analysis & Trade Signal: Bullish Momentum with Target Levels 🎯

Current Price: $0.010048 (+31.21%)

Market Overview:

IQ/USDT is currently in a strong uptrend, gaining momentum with a significant 31.21% increase in the last 24 hours. This bullish trend is supported by a high trading volume, indicating strong market interest. The 24-hour high has been tested, with resistance levels forming key points to watch.

Support & Resistance Levels:

Support: $0.007658 (24h Low) - A solid floor for price action.

Resistance: $0.011157 (24h High) - A key level to monitor for potential price rejection.

Target Levels 🎯:

1. Target 1: $0.0110

A nearby resistance level, ideal for profit-taking if the price approaches this zone.

2. Target 2: $0.0120

A significant resistance point; a breakout here could lead to further bullish moves.

3. Target 3: $0.0135

A potential extended target based on the current uptrend, marking a higher bullish zone.

Trade Momentum:

Momentum: The strong +31.21% rise and high volume indicate strong bullish momentum. Expect possible minor pullbacks to support levels before further upward movement.

Moving Averages: The 50-period moving average is above the 200-period moving average, confirming the bullish sentiment.

Trade Signal:

Entry Zone: $0.0100 to $0.0095 (wait for a pullback or consolidation)

Stop Loss: $0.0075 (below the 24h low for risk management)

Take Profit:

First target: $0.0110

Second target: $0.0120

Third target: $0.0135

Recommendation:

💡 Bullish Short-Term Outlook – Watch for potential pullbacks to entry levels for fresh positions, with clear upside targets ahead.

#NFPCryptoImpact #USJoblessClaimsDrop #DOJBTCAuction #ShareYourTrade