⚠️ $LQTY /USDT Bearish Reversal From Rising Channel Top 📉
$LQTY has touched the upper resistance of a rising channel and is showing rejection near the $1.00 zone, which aligns with previous resistance. This breakdown from the ascending channel suggests a potential reversal.
📉 Trade Setup (Short Idea):
• Entry Zone: $0.997 – $1.002
• Stop Loss: $1.034
• Take Profit 1: $0.950
• Take Profit 2: $0.910
• Take Profit 3: $0.858
This setup favors bears if the price confirms a break below the rising support trendline. Risk management is key as volatility increases.
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