$IQ /USDT Faces Sharp Rejection โ Short Trade Signal Active โ๐
After a strong rally to $0.006189, IQ/USDT faced a sharp rejection and is now down to $0.005578. Sellers are stepping in hard near the 24h highs, showing a clear resistance zone.
Chart Breakdown:
The 15M candle shows a top wick rejection and consecutive bearish candlesโmomentum fading fast after overstretched gains of +51%. Volume is high, but pressure is shifting bearish.
Short Trade Setup:
๐ป Entry: $0.00558 โ $0.00560
๐ฏ Target: $0.00513
โ Stop Loss: $0.00620
Why This Trade Works:
Quick rise without strong base support, strong upper wick at top, and shift in sentiment suggest short-term downside for scalpers.
Take Short Trade here on $IQ