Technical analysis by BlessingTrade about Symbol LQTY: Sell recommendation (12/9/2025)

The weekly chart shows a clear descending triangle formation, characterized by a series of lower highs pressing toward a flat horizontal support zone. This type of structure is typically considered a bearish continuation pattern, reflecting consistent selling pressure. Recently, price has broken below the horizontal support , confirming the triangle breakdown and signaling potential continuation to the downside. The market failed to reclaim the support area, which now acts as resistance. Key technical points: Well-defined descending triangle with lower highs and horizontal base. Support has been broken, indicating seller dominance. Retest/rejection from the former support zone strengthens the bearish outlook. Downside Targets: $0.31–$0.27 $0.20–$0.17 As long as the price remains below the broken support zone, the bearish continuation scenario remains the dominant expectation.