LQTYUSDT 📊 **Chart Overview – LQTY/USDT (4H, Binance):**
* 📍 **Current Price:** \$1.134
* 🔻 **Downtrend Line:** Strong descending trendline still acting as resistance.
* 🟥 **Demand Zone (Support):** \$0.91 – \$0.96
* 🟢 **Scenario Projection:** Price might **retest the demand zone** before attempting a bullish reversal (marked by the black curved arrow).
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### 🔍 Key Observations:
1. **Trend Structure:**
* Price has been respecting a **descending trendline** since the \$1.65+ top.
* Recent rejection from the trendline suggests **sellers are still active**.
2. **Price Reaction Zone:**
* The highlighted **support zone (\$0.91 – \$0.96)** has a history of strong buying and breakout behavior.
* If price drops into this region again, it may trigger a **bullish reversal or bounce**.
3. **Bullish Opportunity:**
* If price **taps into the demand zone with a long wick / strong candle close**, it could be a **high-probability entry** for long setups.
* Potential upside: **\$1.20 – \$1.30** range.
4. **Invalidation:**
* A **clean break below \$0.91** would invalidate the bullish scenario and signal further downside.
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📈 **Trade Idea (Hypothetical):**
* **Entry Zone:** \$0.94 – \$0.96
* **Stop Loss:** Below \$0.89
* **Target 1:** \$1.15
* **Target 2:** \$1.25
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⚠️ **Reminder:** This is **not financial advice** – always use your own risk tolerance and confirmation tools (volume, candle close, etc.)
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.
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.