LQTY is showing signs of life again, after a period of violent fluctuations and repeated drops towards sensitive support areas. The current rise of +14% is not just a random rebound, but carries the beginnings of a studied recovery wave. Especially since the price broke through short-term resistance at 0.98 and closed above it.
Risk is still present, but it is very acceptable compared to the potential return. The price was close to 1.20 just days ago, opening the door for a gain exceeding 20% if the same price cycle repeats. Technically, indicators have begun to give confirmation signals.
$LQTY
RSI at 74, while it indicates an approach to overbought conditions, this is normal at the beginning of a strong upward wave.
MACD has given a bullish crossover, which is a preliminary buy signal.
The last candle is strong and accompanied by high trading volume, enhancing the credibility of the rise.
How to act now?
Do not enter with the entire capital, as the market is still not fully stable.
A gradual purchase of 30%-40% of the intended investment amount is the optimal choice.
Stop loss below 0.89 (last correction low) to reduce risk.
The position can be reinforced if resistance at 1.05 is broken with a 4-hour candle closing above it.
Goals:
First target: 1.05 (current resistance).
Second target: 1.18 – 1.20 (testing the previous peak).
$LQTY
Why is this an opportunity?
When red candles scare you and tempt others to sell, the smart investor begins to prepare to buy. Many traders exit the market at the slightest rebound, without noticing the technical indicators that begin to change. Here, we see the MACD turning, and the RSI exiting hesitation, while the price breaks through short-term resistance.
$LQTY
In markets, don't buy when you hear the news, but when you see its effect on the chart. LQTY may be on the verge of exiting the stagnation phase, but only those who anticipate the market will benefit from the largest move.
