: $IQ USDT (Sell - Short)
Market outlook: Distribution phase after the rise
The symbol $IQ shows clear signs of "distribution" after the recent rise associated with the artificial intelligence sector. The price is currently under continuous selling pressure, and its failure to maintain levels above 0.0012 USD confirms the bears' control. With the general market tendency to reduce risk before the Federal meetings, a continued decline is expected to test lower support levels.
Current price: about 0.00112 USD
Entry zone: 0.00130 – 0.00138 USD 🟥
Stop loss (SL): 0.00148 USD 🛑
Profit taking targets:
🎯 Target one: 0.00122 USD
🎯 Target two: 0.00116 USD
🎯 Target three: 0.00110 USD
Trading advice: Wait for a fake rebound towards the entry zone before activating the trade. Staying below the 200-day moving average strengthens the power of this technical pattern. Please be cautious of any sudden announcements related to the PredIQt platform that may cause a temporary "short squeeze".
#IQ #Everipedia #AI #ShortSetup #CryptoSignals #BinanceSquare #DistributionPhase
