Unusual Selling Alert!

$IQ (Everipedia) faces intense selling pressure on Binance’s USDT market!

$307K USDT sold in just 6 minutes, but the price still holds at $0.007932, up 0.62% for now.

Are sellers gaining control, or will buyers push back? Let’s analyze!

Important Details:

Current Price: $0.007932 (up 0.62%).

Unusual Selling: $307K sold in 6 minutes (11% of daily volume).

24H Volume: $3.05M USDT—indicating active trading but a possible shift in sentiment.

Sentiment: Slightly bullish, but selling pressure could lead to a reversal.

Support & Resistance Levels:

Support: $0.007800 – A critical level to watch; a break below this could lead to a downtrend.

Resistance: $0.008100 – Bulls need to clear this for a strong move upward.

Suggested Next Move:

1. If You Already Hold IQ:

Hold if price remains above $0.007800, but stay cautious.

Consider selling partially if the price struggles to move above $0.008100.

2. Looking to Buy?

Wait for the price to stabilize above $0.008100 before buying.

Use a stop loss at $0.007800 to protect yourself.

3. Looking to Sell?

Sell if the price breaks below $0.007800, as it may signal a bearish trend.

Keep an Eye on Volume and Price Action!

High selling volume could pull the price down further.

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