$LQTY /- Clear breakout with strong buying pressure! 🚀
The price of $LQTY is currently trading at $0.828, up 11.44% in the last twenty-four hours. After a strong rise from its low of $0.736, the price is forming higher lows on the hourly chart, indicating a steady demand for buying. The last wick at $0.858 shows a test of bullish resistance.
Support level: $0.800
Resistance level: $0.858
📊 Current price: $0.828
📈 Trading setup (Long):
Entry price: $0.820 - $0.830
Target 1: $0.860
Target 2: $0.900
Stop loss: $0.790
📌 Why buy?
The structure shows a clear breakout pattern followed by a consolidation range. Trading volume has increased, and the candles are rising with trading momentum, indicating that the bulls are still in control.
⚠️ Risk management advice:
Only use a fixed portion of your capital, and always set a stop-loss level. Move the stop-loss level as soon as the price reaches the first target.
Don't let this breakout pass without taking advantage of it - enter wisely and exit with a profit!
Seize the momentum opportunity before it fades - profits favor the brave!
If you found the analysis useful, like it, share it, and comment on the next pair you want to analyze!
#CEXvsDEX101 #TradingTypes101 #SaylorBTCPurchase #FTXRefunds #TrumpMediaBitcoinTreasury $LQTY