$IQ USDT REJECTED FROM RESISTANCE — SHORT-TERM COOLING EXPECTED
$IQ surged from $0.003847 to $0.004052 but faced a clear rejection at the top, forming a local double top structure. The recent red candles show weakening momentum and likely a short-term retracement as bulls take profit and volume cools down.
📉 Short Trade Setup:
Entry Zone: $0.00398 – $0.00402
Take Profit 1: $0.00388
Take Profit 2: $0.00383
Stop Loss: $0.00406
📊 Market Outlook:
Momentum is fading as the price struggles to hold above $0.00400. RSI is likely overextended, and a pullback toward the support zones is healthy for continuation. Watch $0.00388 as key support — breakdown below could open further downside.
🧠 Comment “⚠️” if you're watching this cool-off closely!
Stay ahead — follow for sniper-level entries and exits.
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