Ideal opportunity to enter
$LQTY Calmness, no more momentum awakens the sleeping giant....
The price of $LQTY has broken through its range that lasted for weeks, rising from under one dollar to a high of $1.620. With strong daily momentum and bullish trading volume supporting this move, attention is now turning towards a continuation wave.
Setting up a buy trade - Trend reversal trading
• Entry area: $1.57 - $1.59
• Take profit point 1: $1.72
• Take profit point 2: $1.86
• Take profit point 3: $2.00
• Stop loss: $1.49
Momentum is increasing with each green candle. A retest of the $1.57-$1.59 level could be the perfect launching point before the breakout.