How do you do dear friends,
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for LQTYUSDT
On the top, there is R2 as a resistance area that includes the price was not able to rise at different points. R1 used to be a support area. And S1 is a long-term support area of this chart that has the support of price variously since the past. As we see, the rejection of price made it to reach R1 area and after some support and some rejections successively, the price had a noticeable fall down to S1. At the present, we have the price fluctuating over this area and we believe it to have some ranging behavior and then by having a fall and being supported at our support area, another rise is predicted for it to touch R1 and also R2 via more fixation and support over R1 area. Presently, the possibility of a decline below S1 is not so high but if the price moves below it, more decline takes place then. Remember that S1 would be a great point for putting your sale orders but you should wait for the price to be supported here and on its trend upward and via retesting the situation, you are able to put your orders. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. Our suggestion is to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time
*Mars Signals Team wishes you high profits*
This is a one-day-time frame analysis for LQTYUSDT
On the top, there is R2 as a resistance area that includes the price was not able to rise at different points. R1 used to be a support area. And S1 is a long-term support area of this chart that has the support of price variously since the past. As we see, the rejection of price made it to reach R1 area and after some support and some rejections successively, the price had a noticeable fall down to S1. At the present, we have the price fluctuating over this area and we believe it to have some ranging behavior and then by having a fall and being supported at our support area, another rise is predicted for it to touch R1 and also R2 via more fixation and support over R1 area. Presently, the possibility of a decline below S1 is not so high but if the price moves below it, more decline takes place then. Remember that S1 would be a great point for putting your sale orders but you should wait for the price to be supported here and on its trend upward and via retesting the situation, you are able to put your orders. Please do not forget to wait for some signs such as confirmation candles in order to make sure of what will be your next movement and then act wisely. Our suggestion is to put your stop-loss point based on your amount of loss that you can risk at and try to experience more logical trades.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Have a nice time