$LQTY LQTY/USDT Price Analysis: Bearish Sentiment Dominates

📉 Current Price: $1.496 (-1.64%)

📊 24h High: $1.558

📈 24h Low: $1.489

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Market Analysis

LQTY/USDT is showing bearish momentum as the price continues to trade near its daily low of $1.489. The downtrend is confirmed by the Parabolic SAR dots appearing above the price candles, suggesting increased selling pressure.

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Key Levels to Watch

Resistance Levels:

🔹 $1.52 - Immediate resistance to overcome for a potential recovery.

🔹 $1.55 - A stronger resistance level; reclaiming this could hint at a bullish reversal.

Support Levels:

🔹 $1.48 - Key support; failure to hold this level may lead to further downside.

🔹 $1.45 - Next significant support zone in case of a breakdown.

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Technical Indicators

Parabolic SAR: Indicates a strong bearish trend with dots positioned above the price.

Volume: Moderate; watch for spikes in trading activity for clues on potential reversals.

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Trading Strategy

For Long Positions:

🔹 Entry: $1.48-$1.50 (if the support holds).

🔹 Targets: $1.52 and $1.55.

🔹 Stop-loss: Below $1.47.

For Short Positions:

🔹 Entry: $1.52-$1.54 (if resistance is confirmed).

🔹 Targets: $1.48 and $1.45.

🔹 Stop-loss: Above $1.56.

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💡 Observation: LQTY/USDT needs a decisive breakout above $1.52 to signal a potential recovery. Traders should remain cautious as breaking below $1.48 may result in increased selling pressure.

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