📉 $LQTY /USDT Pullback or Trap? Bulls Try to Regain Control!
$LQTY is trading at $1.4984, down 6.44%, after facing strong rejection from the local high at $1.6488. The price recently bounced from the 24h low of $1.3839, forming a short-term recovery candle on the 4H chart. It's now testing resistance around the MA(7) at $1.4889, while the MA(25) at $1.5023 hovers just above as the next key barrier.
Volume shows moderate interest on the bounce, but if the price fails to break and hold above $1.50, we could see another dip. However, support from the MA(99) at $1.1570 remains a safety net for the bulls.
Trade Setup:
Entry: $1.4950
TP1: $1.55
TP2: $1.62
TP3: $1.68
SL: $1.44
Risk remains high; wait for clear confirmation above $1.51 before entering aggressively.
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