$IQ ALERT: Massive 28.86% Surge – Can the Bulls Sustain the Rally?
$IQ is trading at $0.011449, with a sharp rise of 28.86% in the last 24 hours. After reaching a high of $0.011850 from a low of $0.008688, the price action reflects strong bullish momentum. The market is heating up—traders should keep a close eye on key levels!
Key Levels to Watch
Resistance: $0.011850 – Breaking above this could signal another bullish leg toward $0.012500 or higher.
Support: $0.010800 – Holding above this level is crucial for maintaining the upward trend. A drop below might indicate a potential correction toward $0.010000.
Trade Setup Recommendations
Buy Signal:
Entry: Around $0.011450 if the price consolidates above $0.011300.
Targets: $0.012000, $0.012300, and $0.012500.
Stop Loss: $0.010800 to manage risk.
Sell Signal:
Short below $0.010800 if bearish pressure emerges.
Targets: $0.010300, $0.010000, and $0.009800.
Stop Loss: $0.011300 to protect against reversals.
Market Outlook
With a 24-hour volume of 2.14 billion IQ, the market is seeing significant participation. Watch for a breakout above resistance or a retracement to support for optimal trade entries. Tight risk management is advised in this highly volatile setup.
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