Yello, Paradisers! Could this be the moment for #LQTYUSDT to bounce back, or is there a deeper dive coming? Let’s dive in!
💎#LQTY has broken out of the falling wedge, a classic bullish reversal pattern, and also cleared the previous lower low (LL). This signals a strong potential for upward momentum. If the price holds steady at the current demand zone, we could see a rebound and continuation of the uptrend, potentially making a new higher high. Our target? The strong resistance area, where the highest probability for resistance lies.
💎However, if LQTY fails to hold this demand zone, particularly around the 0.655 area, we might witness a breakdown. In this scenario, the price could drop to test the key support level at 0.48. This is a critical area, as it's the lower low from previous price action, and any breakdown here would signal trouble for bulls. A bounce is essential to recover and maintain bullish sentiment.
💎But beware bullish invalidation will kick in if the daily candle closes below 0.48. This would suggest a continuation of the downtrend, likely creating a new **lower low** and potentially pushing the price even deeper.
Consistency, patience, and a clear strategy are the keys to navigating this market successfully.
MyCryptoParadise
iFeel the success🌴
💎#LQTY has broken out of the falling wedge, a classic bullish reversal pattern, and also cleared the previous lower low (LL). This signals a strong potential for upward momentum. If the price holds steady at the current demand zone, we could see a rebound and continuation of the uptrend, potentially making a new higher high. Our target? The strong resistance area, where the highest probability for resistance lies.
💎However, if LQTY fails to hold this demand zone, particularly around the 0.655 area, we might witness a breakdown. In this scenario, the price could drop to test the key support level at 0.48. This is a critical area, as it's the lower low from previous price action, and any breakdown here would signal trouble for bulls. A bounce is essential to recover and maintain bullish sentiment.
💎But beware bullish invalidation will kick in if the daily candle closes below 0.48. This would suggest a continuation of the downtrend, likely creating a new **lower low** and potentially pushing the price even deeper.
Consistency, patience, and a clear strategy are the keys to navigating this market successfully.
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.