📉 LQTY/USDT: Liquity Price Analysis 🚨
Liquity ($LQTY ) is currently trading at $1.95, reflecting a significant -8.84% drop in the last 24 hours. This pullback could present a potential buying opportunity if the market finds support at key levels.
Key Levels to Watch:
Support:$1.90 (strong support zone, potential reversal area)$1.80 (next major support level)Resistance:$2.10 (short-term resistance)$2.30 (next significant resistance)
Trade Setup:
Long Entry: Consider entering long near $1.90, targeting:$2.10 (short-term resistance)$2.30 (next major resistance level)Target Price: If LQTY finds support around $1.90, expect potential upward movement towards $2.10 or even $2.30.
Risk Management:
Stop-Loss: Set your stop-loss at $1.75 to minimize downside risk if the price breaks below the support level.
Market Insight: The current downtrend could be a short-term pullback before a possible recovery. If $1.90 holds, there could be a chance for a bounce towards the $2.10 or $2.30 resistance zones.
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