$IQ /USDT SHORT TRADE SETUP – REJECTION FROM BEARISH TRENDLINE!
$IQ /USDT is showing clear signs of bearish pressure after rejecting from the descending trendline resistance. Price failed to hold above the breakout zone near $0.003950 and has now begun forming lower highs with strong red candles. Current action is hovering just below the key resistance, indicating potential continuation to the downside.
Trade Setup (SHORT):
Entry Zone: $0.003900 – $0.003926
Target: $0.003804
Stop Loss: $0.003965
Why Short?
The trendline has consistently rejected upward moves, and the recent rejection adds to confirmation. With failed attempts to sustain above $0.003950 and decreasing momentum, bears are likely to drive the price lower toward the support near $0.003800.
Risk Management Tip:
Keep your stop above the trendline and rejection zone. If price breaks and closes above $0.003970, exit immediately — structure has shifted.
Sell smart — don’t chase green candles when the trend is turning red!
Don’t let this breakout fly without you — enter smart, exit richer!
Ride the momentum before it fades — profits favor the fearless!