#MarketRebound Watch the LQTY price break out strongly - trading volume is rising and the price tests its highest levels in several days. This movement supports the sentiment of the decentralized finance (DeFi) sector.
Entry Areas:
• Retracement: $1.39 - $1.44
• Breakout: above $1.48 with trading volume
Targets:
• Profit Target 1: $1.49
• Profit Target 2: $1.62
• Profit Target 3: $1.76
• Stop Loss:
• Conservative: $1.36
• Aggressive: $1.42
Key Levels:
• Support: $1.39 / $1.36
• Resistance: $1.49 / $1.62
• Pivot Point: $1.44 - $1.48
Professional Advice:
If the price holds above $1.44 with trading volume holding on the hourly/four-hour timeframe, I expect a second leg. Once it reaches a level above $1.55, I will use stop loss points to lock in profits.