š Chart Overview ā LQTY/USDT (4H, Binance):
* š Current Price: \$1.134
* š» Downtrend Line: Strong descending trendline still acting as resistance.
* š„ Demand Zone (Support): \$0.91 ā \$0.96
* š¢ Scenario Projection: Price might retest the demand zone before attempting a bullish reversal (marked by the black curved arrow).
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### š Key Observations:
1. Trend Structure:
* Price has been respecting a descending trendline since the \$1.65+ top.
* Recent rejection from the trendline suggests sellers are still active.
2. Price Reaction Zone:
* The highlighted support zone (\$0.91 ā \$0.96) has a history of strong buying and breakout behavior.
* If price drops into this region again, it may trigger a bullish reversal or bounce.
3. Bullish Opportunity:
* If price taps into the demand zone with a long wick / strong candle close, it could be a high-probability entry for long setups.
* Potential upside: \$1.20 ā \$1.30 range.
4. Invalidation:
* A clean break below \$0.91 would invalidate the bullish scenario and signal further downside.
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š Trade Idea (Hypothetical):
* Entry Zone: \$0.94 ā \$0.96
* Stop Loss: Below \$0.89
* Target 1: \$1.15
* Target 2: \$1.25
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ā ļø Reminder: This is not financial advice ā always use your own risk tolerance and confirmation tools (volume, candle close, etc.)