$LQTY Sudden Breakout - Is $1.50 the Next Target?
The LQTY stock has experienced a sharp increase today of over 30%, surpassing multiple resistance levels. The price movement is sharp, and the bulls are betting on the momentum to continue - but will this momentum last?
Key Areas to Watch:
• Immediate Resistance: $1.370 - A clear breakout here could push the price higher.
• Major Support: $1.250 - Holding this level keeps the bullish trend intact.
Trading Setup
Bullish Scenario - Entry Point on Price Breakout:
• Entry Point: Above $1.375
• Target 1: $1.48
• Target 2: $1.60
• Stop Loss: Below $1.295
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Bearish Scenario - Entry Point on Price Reversal:
• Entry Point: Below $1.250
• Target 1: $1.150
• Target 2: $1.050
• Stop Loss: Above $1.300
Increased trading volume confirms the strength of the stock, but expect volatility - ideal for traders on price breakouts.
Use appropriate risk management and don't chase green candles!