$IQ /USDT – Bearish Trend Alert!
The IQ/USDT pair has seen a decline of 7.83%, currently trading at $0.004341. The 24-hour high is at $0.004784, while the low stands at $0.004293, showing significant price fluctuations. With a trading volume of 1.16 billion IQ and 5.30 million USDT, market activity remains relatively high. The depth levels show a steady downtrend, with key support at $0.004293.
Momentum Analysis
The bearish trend is evident, and the price is approaching critical support levels. Traders should watch for a potential break below $0.004293 for further downside movement.
Long Setup
Entry Zone: Consider short positions if the price breaks below $0.004293.
Target (T1, T2, T3): $0.004200, $0.004150, $0.004100
Stop Loss: $0.004500
Breakout Confirmation
Confirmed break below $0.004293 to solidify further downside.
Pro Tip
Given the recent price action, traders should monitor the depth levels closely for any signs of reversal. Volatility is high, and a false breakout could occur.
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