Although the price has slightly rebounded from the lows, the overall bearish arrangement has not changed, and all key moving averages still form strong resistance above. The MFI indicates that funds are still flowing out, and the rebound lacks buying volume support. This usually suggests that any rebound could be a trap, providing a better entry point for bears rather than signaling a trend reversal.
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LQTY selling pressure is temporarily easing, but the bearish structure remains solid. A rebound being blocked is a good opportunity to short.
Go short now $LQTY
Entry: 0.2900 – 0.2915
Stop loss: 0.2945
First target: 0.2840
Second target: 0.2750
Third target: 0.2700
Although the price has slightly rebounded from the lows, the overall bearish arrangement has not changed, and all key moving averages still form strong resistance above. The MFI indicates that funds are still flowing out, and the rebound lacks buying volume support. This usually suggests that any rebound could be a trap, providing a better entry point for bears rather than signaling a trend reversal.
Trade $LQTY here 👇