$LQTY /USDT Downtrend Alert with Short Trade Setup
Current Price: $0.978
Trend Bias: Bearish Reversal After Rejection at $1.002
Technical Analysis:
LQTY has shown a rapid bullish move but faced heavy resistance near the $1.002 mark, forming a long upper wick — a sign of strong selling pressure. The price has since dropped below $0.980 support and is showing weakness with back-to-back small bearish candles.
📉 Short Trade Setup:
Entry Zone: $0.975 – $0.980 (on minor bounce/retest of resistance)
Stop Loss (SL): Above $0.990 (to protect against false breakout)
Take Profit Targets (TP):
• TP1: $0.960
• TP2: $0.945
• TP3: $0.930
🎯 Trade Summary:
Market rejected the $1.00 zone, indicating exhaustion.
Bearish divergence forming on shorter timeframes.
Entry around resistance retest gives better R:R (Risk to Reward).
A break below $0.965 with volume may confirm bearish momentum.