🔴 $LQTY
USDT BEARISH BREAKDOWN – STRONG SELL PRESSURE UNLEASHED 🚨
$LQTY has faced a steep fall from its highs of $1.650, plunging nearly 10% down to $1.444. The breakdown is aggressive, showing sellers firmly in control with no immediate signs of reversal.
📊 Key Levels:
Resistance: $1.500 and $1.550 (previous support turned resistance)
Support: $1.442 (immediate), $1.400 (next major demand zone)
Current Price: $1.444
💥 Trade Setup (Short):
Entry: Below $1.440 (confirmation of continuation)
Take Profits:
TP1: $1.420
TP2: $1.400
Stop Loss: $1.470 (above recent breakdown candle)
🔍 Market Outlook:
Momentum remains strongly bearish with continuous lower highs and steep red candles. Unless bulls reclaim $1.500, further downside is highly probable towards $1.400.
⚠️ Risk Management:
Trade with strict discipline. Use tight stop loss and risk only 1-2% per trade to safeguard capital in this volatile market.
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💬 Comment “🟥 LQTY Breakdown” if you see this bearish momentum extending today!
buy and trade here on $LQTY