$LQTY /USDT BEARISH RETEST – POTENTIAL SHORT BELOW $1.48

LQTY/USDT is currently trading at $1.492 (-1.78%), pulling back from a local high of $1.535. Price is struggling to hold above $1.50, and the recent rejection suggests bearish pressure could push the pair lower — especially if the $1.48–$1.47 zone gives way.

🔍 Key Technical Levels:

Current Price: $1.492

Resistance Levels:

$1.510 – Minor resistance

$1.535 – Daily high / breakout zone

$1.58 – Major resistance (previous breakdown)

Support Levels:

$1.480 – Immediate support

$1.379 – Daily low / major support

$1.300 – Next downside target if $1.38 fails

📉 Trade Setup:

Short Setup (if breakdown occurs):

Entry: Below $1.480 (with 15m or 1h close + volume confirmation)

TP1: $1.420

TP2: $1.380

TP3: $1.300

SL: Above $1.515 (above intraday rejection)

OR

Long Setup (only if $1.48 holds with reversal signal):

Entry: Bounce confirmation from $1.480–$1.470 zone

TP1: $1.510

TP2: $1.535

SL: Below $1.460

✅ Risk Management:

Risk only 1–2% of portfolio per position

Confirm entries with candle structure + volume spike

Use tight SL in current choppy conditions

📊 Note: LQTY is at a critical retest zone. A clean break below $1.48 opens the door for a slide toward $1.38 and possibly $1.30. However, if buyers hold this zone, a short-term bounce could offer quick gains. Watch price reaction closely at $1.480.

Want help marking Fibonacci levels or MACD/RSI divergence? Just ask!

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