$LQTY / USDT Perp – Oversold Bounce Setup (Scalp Long) 🚨
Market Snapshot:
🔹 Last Price: $0.2941 (-16.87%)
🔹 24h Range: $0.2916 – $0.3698
🔹 24h Vol: 23.19M LQTY / 7.57M USDT
Technical Overview:
📉 Moving Averages: EMA7 (0.3229) < EMA25 (0.3450) < EMA99 (0.3464) → Strong bearish alignment.
📊 RSI(6): 7.24 – Extremely oversold; previous similar readings often led to sharp bounces.
📉 MACD: DIF -0.0108, DEA -0.0030, histogram -0.0078 – bearish momentum, but slowing.
Price is trading below all major EMAs, yet the extreme RSI level suggests selling exhaustion. A technical rebound toward nearby resistances is likely.
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🚀 LONG Signal (Scalp)
📥 Entry Zone: 0.2930 – 0.2950 (current range)
🛑 Stop Loss: 0.2870 (below the 0.2876 local support)
🎯 Take Profit Levels:
· TP1: 0.3050 (first resistance / 24h low breakout)
· TP2: 0.3220 (EMA7 resistance)
· TP3: 0.3390 (next supply zone)
⏳ Timeframe: 15m/1h
⚡ Leverage: 5x-10x (conservative)
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💡 Analysis:
RSI(6) at 7.24 is one of the lowest readings in recent history – this often precedes a relief rally. MACD histogram is deep negative but shows signs of flattening. While the trend is bearish, a short squeeze from these levels is probable. Watch for a daily close above $0.2950 to confirm strength.
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📌 Risk Warning:
This is a counter-trend scalp. Always use proper position sizing and SL. DYOR.
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