$IQ /USDT BEARISH MOVE LIKELY AFTER STRONG REJECTION AT RESISTANCE 🚨📉
🔍 Technical Analysis:
$IQ/USDT is showing signs of bearish momentum after a sharp rejection near the resistance zone of $0.003874, which marked the 24h high. The current price sits at $0.003635, down -5.95% over 24h, indicating strong selling pressure.
📊 Key Levels:
Resistance: $0.003750 - $0.003874 🔼
Support: $0.003590 - $0.003500 🔽
Current Price: $0.003635
📉 Trade Setup – SHORT ENTRY:
Entry: $0.003630 - $0.003650
Target 1 (TP1): $0.003590
Target 2 (TP2): $0.003520
Stop Loss (SL): $0.003750
🛡 Risk Management:
Use 1-2% of capital per trade. Stick to SL, and don’t chase losses. Manage position size wisely for account protection. 🧠💰
🔥 Trade smart, not emotional – let the levels guide you! 📉📊
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