### **LQTY/USDT Reversal Trade Setup - Bullish Breakout Potential** 🚀
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#### **🔥 Current Market Snapshot**
- **Price:** $0.973 (+6.01% from recent lows)
- **Key Structure:** Double bottom forming at $0.96
- **Recent High:** $1.06 (potential target if breakout holds)
- **Sentiment Shift:** Buyers stepping in at support
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### **📊 Critical Levels to Watch**
- **Immediate Support:** $0.960 (Must hold for bullish case)
- **Resistance Levels:**
- $0.985 (First hurdle)
- $1.00 (Psychological breakout level)
- $1.045 (Previous swing high)
- **Breakout Confirmation:** Sustained move above $0.990 with volume
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### **⚡ Trade Setup (Long)**
✅ **Optimal Entry Zone:** $0.970–$0.980
🎯 **Take Profit Targets:**
- TP1: $1.00 (6% gain)
- TP2: $1.045 (12% gain)
- TP3: $1.08 (15% gain)
🛑 **Stop Loss:** $0.952 (Below recent swing low)
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### **📈 Key Confirmation Signals**
1. **Volume Spike:** Look for 2-3x average volume on breakout
2. **Candle Patterns:** Bullish engulfing or morning star at support
3. **Momentum:** RSI >50 on 4H chart to confirm strength
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### **💡 Why This Could Work?**
- **Double Bottom Pattern:** Classic reversal structure
- **Undervalued Position:** 15% below recent highs
- **BTC Stability:** If Bitcoin holds, altcoins may rebound
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### **⚠️ Risk Management Tips**
- Only enter if $0.96 holds as support
- Consider scaling in (50% at $0.975, 50% at $0.965)
- Move stop to breakeven at $0.985 once TP1 hits
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### **🚀 Final Thoughts**
This could be an early entry before a potential 15% move. The $1.00 breakout will be critical - if it holds, we could see continuation to $1.08.