Technical analysis by Wolftrader1337 about Symbol LQTY: Buy recommendation (7/15/2025)

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). --- ### 🔍 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. --- 📈 **Trade Idea (Hypothetical):** * **Entry Zone:** \$0.94 – \$0.96 * **Stop Loss:** Below \$0.89 * **Target 1:** \$1.15 * **Target 2:** \$1.25 --- ⚠️ **Reminder:** This is **not financial advice** – always use your own risk tolerance and confirmation tools (volume, candle close, etc.)