📊 $IQ Technical Analysis & Setup
Bearish momentum dominates across 1h, daily, and weekly timeframes following a -3.2% dump on a 1.4x volume spike, signaling active sell-side participation rather than a bottom. Lower highs continue to cap every relief rally while price holds below resistance.
• Key Support / Demand: 0.000638 (swept), 0.000623, and deeper liquidation targets at 0.000615
• Resistance / Supply Targets: 0.000661, 0.000666, and major supply at 0.000682
• Trigger / Confirmation: Short entry on a weak push and failure at the 0.000661–0.000666 zone, confirmed by a bearish rejection candle or lower-timeframe structure shift
• Risk / Invalidation: A daily close above 0.000662 invalidates the bearish thesis
• Market Execution: Scale out at targets (0.000634, 0.000623, 0.000615); manage risk tightly against broader market volatility
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #IQ #Trading
Bearish momentum dominates across 1h, daily, and weekly timeframes following a -3.2% dump on a 1.4x volume spike, signaling active sell-side participation rather than a bottom. Lower highs continue to cap every relief rally while price holds below resistance.
• Key Support / Demand: 0.000638 (swept), 0.000623, and deeper liquidation targets at 0.000615
• Resistance / Supply Targets: 0.000661, 0.000666, and major supply at 0.000682
• Trigger / Confirmation: Short entry on a weak push and failure at the 0.000661–0.000666 zone, confirmed by a bearish rejection candle or lower-timeframe structure shift
• Risk / Invalidation: A daily close above 0.000662 invalidates the bearish thesis
• Market Execution: Scale out at targets (0.000634, 0.000623, 0.000615); manage risk tightly against broader market volatility
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #IQ #Trading
