Does #LQTY/USDT success break its Falling Wedge? Let's jump in to a 15-min chart of $LQTY !
I see the downward trendline from 0.9450 to 0.8920 got smashed through at 0.895–0.900, and now I’m watching for that retest around 0.9035—matches the chart’s recent breakout action perfectly.
I’ve got my eyes on a pinbar or bullish engulfing candle in the 0.903–0.895 zone, and the chart’s pullback with dropping volume aligns with my profit-taking hunch, though I’m waiting for a volume spike to confirm the next move.
The EMA21/35/50 stacking at 0.8955–0.8920 and the upper Bollinger Band at 0.892 look solid as my first demand zone, while the Fibonacci 38.2% at 0.887 syncing with the EMA200 at 0.879 feels like a backup support if this fails—spot on with the chart’s levels.
The MACD histogram widening positively screams strong upside momentum to me, though I’m wary of any shrinking bars hinting at a correction, and the volume jumping from 300k to 500k during the breakout matches my buyer strength take.
I’ll wait for a reversal candle at 0.903–0.895, set a stop-loss at 0.890 below the EMAs, and target 0.9246 first, with a stretch to 0.94–0.95 if it breaks—giving me a sweet 1:2.5 risk/reward.
My take: If it holds above 0.9246 on a 15m close, I might add on, but a drop below 0.895 could drag it to 0.879, where I’d exit or consider a short. For now, I think it’s primed for a pullback retest.