#LQTY
Short-Term Bullish :
The recent 9.52% gain and breakout above $1.00 suggest bullish momentum could continue for the next 3 days, potentially testing $1.10-$1.15 if volume sustains. However, the RSI nearing overbought levels warns of a possible pullback.
Risk of Correction:
If profit-taking occurs, expect a drop to $0.90-$0.95, a key support zone. A close below $0.847 would invalidate the bullish outlook.
Strategy:
Entry: Consider buying on a dip to $0.95-$0.98 with a stop-loss below $0.84.
Target: Aim for $1.10-$1.15 if momentum holds.
Fibonacci
0.0% ($2.880): Recent peak.
23.6% ($2.193): Minor resistance if a strong reversal occurs.
38.2% ($1.836): Potential resistance zone if the pullback continues.
50.0% ($1.655): Psychological midpoint, watch for consolidation.
61.8% ($1.475): Key Fibonacci support if the trend weakens.
78.6% ($1.114): Strong support near current price action.
100.0% ($0.431): Base of the move, major support.
Caution: Monitor volume and RSI. A decline in either could signal a reversal.
#DYOR as always
