Any minor rebound is quickly swallowed by heavy selling pressure, and buyers are unable to hold above the critical resistance at MA20 and the middle band of the Bollinger Bands. The upward momentum appears fragile, with each attempt met by strong supply, indicating that the downward path remains the least resistant direction. As long as sellers stay active, the price may continue to decline.
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$LQTY Rebound failed at the key resistance level, sellers regain control.
Go short now $LQTY
Entry: 0.2900 – 0.2920
Stop Loss: 0.2965
Take Profit 1: 0.2833
Take Profit 2: 0.2765
Take Profit 3: 0.2697
Any minor rebound is quickly swallowed by heavy selling pressure, and buyers are unable to hold above the critical resistance at MA20 and the middle band of the Bollinger Bands. The upward momentum appears fragile, with each attempt met by strong supply, indicating that the downward path remains the least resistant direction. As long as sellers stay active, the price may continue to decline.
Trade $LQTY here 👇