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LQTY/USDT this wave of market movement is quite interesting. The 1-hour RSI has already surged to 72, and the MACD is also showing a golden cross, indicating that the bulls are exerting effort. But the problem is—trading volume is clearly shrinking, which is a hidden risk.
Looking at multiple timeframes, the 15-minute RSI is at 61, neutral leaning weak; the dominant sentiment on the 1-hour chart is bullish, no doubt, but it’s overheated; the 4-hour chart RSI is also at 61, but the structure of this upward channel is still relatively intact.
Key levels to remember: the current battle is at 0.43, with two resistance levels at 0.445 and 0.46, and support levels below at 0.418 and 0.40.
How to operate? My approach is as follows: if it breaks above 0.445, then go long, targeting 0.46, but set the stop-loss at 0.435. When volume is insufficient, a break below means you should exit quickly—no hesitation. Conversely, if it falls below 0.418, then switch to a short position, looking at the lower support at 0.40, with the same stop-loss at 0.425. In the range between 0.43 and 0.445, I prefer to wait and not act until the direction is confirmed.
My own plan is to wait for this breakout. Once it confirms above 0.445, enter at 0.446, target 0.46, and set a tight stop-loss at 0.435. The key is volume—if trading volume doesn’t pick up, even if it breaks the level, be cautious and don’t be greedy.