$IQ USDT BEARISH BREAKDOWN: MARKET SHOWING WEAKNESS UNDER RESISTANCE
$IQ is failing to reclaim major resistance levels, currently trading at 0.003293. Multiple rejection wicks confirm sellers defending every attempt to break higher. Unless a strong push closes above 0.003350, bears remain in full control.
š» TRADE SETUP (SHORT)
ā¢ Entry Zone: 0.003300 ā 0.003320
ā¢ Take Profit 1: 0.003260
ā¢ Take Profit 2: 0.003200
ā¢ Stop Loss: 0.003350
š” MARKET OUTLOOK
Overall trend remains sideways to bearish with repeated supply absorption at resistance. If BTC weakens further, could test the lower support zones aggressively.
ā ļø RISK MANAGEMENT
Strict stop-loss is critical here; avoid overleveraging in consolidation breakdown setups.
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