#LQTY
Volume has increased alongside the price rise, supporting the bullish momentum. Sustained volume will be critical to confirm a breakout.
Moving Averages: The price is above the 10-day MA (16,095.683) and 5-day MA (17,630.848), indicating short-term bullishness, but it’s close to testing the 200-day MA trendline.
===
Fibonacci Retracement Analysis
Using the Fibonacci retracement tool from the recent low ($0.431) to the recent high ($2.381):
23.6% Level: ~$1.192 – A minor pullback support if the price corrects slightly.
38.2% Level: ~$1.620 – A key level to watch for consolidation or rejection.
50% Level: ~$1.406 – A psychological midpoint; a break below could signal weakness.
61.8% Level: ~$1.112 (current price) – Coincides with the current level, acting as immediate support.
78.6% Level: ~$0.894 – Deeper support if the bullish trend fails.
===
3-Day Market
Short-Term Bullish Scenario:
If the price breaks above $1.233 with strong volume, it could target the 38.2% Fibonacci level at $1.620 within 1–2 days. A further push to $2.381 (prior high) is plausible by day 3 if momentum holds.Watch for RSI to stabilize below 80 to avoid overextension.
===
Pullback Risk:If RSI enters overbought territory (>80) or volume drops, expect a correction to the 50% level ($1.406) or 23.6% level ($1.192) within the next 2 days.A break below $1.112 could invalidate the bullish structure, targeting $0.894.
===
Key Levels to Watch:
Buy Zone: $1.112–$1.192 (current support and Fibonacci confluence).
Sell/Profit Target: $1.620–$2.381 (Fibonacci resistance and prior high).
Stop Loss: Below $0.894 to protect against a trend reversal.
===
Tactics
Entry: Consider a long position near $1.112–$1.192 if the price holds above the 61.8% Fibonacci level with increasing volume.
Exit: Take profits at $1.620 or $2.381, depending on risk tolerance.
Risk Management: Set a stop loss below $0.894 and maintain a risk-reward ratio of at least 1:3.
