$IQ – SHORT TRADE SIGNAL AFTER REJECTION WICK AND WEAK BOUNCE

PRICE FAILS TO HOLD ABOVE $0.00385

INTRADAY SPIKE TRIGGERED LIQUIDITY GRAB

After a brief recovery from $0.003615, $IQ printed a long upper wick rejecting the $0.00412 zone, signaling a potential bull trap. Price has since closed back below key intraday resistance, suggesting seller dominance remains intact.

Trade Setup (Short Bias):

• Entry: $0.00372 – $0.00378

• Target 1: $0.00360

• Target 2: $0.00345

• Stop Loss: $0.00386

Short-term outlook remains bearish unless price reclaims $0.00390 with strength.

#IQUSDT #CryptoTrading #BinanceFutures #ShortSetup #Write2Earn

IQ

0.001243

-1.34%