Got it — let’s break this down carefully and strategically:
$LQTY has been in a prolonged downtrend since July, forming a descending channel. Right now, price is at the channel base ($0.38–$0.40), which historically has acted as a capitulation zone where sellers exhaust themselves.
Key observations:
Price compression & decreasing volatility – this is a classic sign that sellers are running out of steam, and buyers could start stepping in.
Trend reversal signal – a daily close above the falling trendline is the critical confirmation. Until that happens, it’s still technically inside the downtrend.
Trade plan:
Wait for breakout confirmation above the trendline. Patience here is essential; jumping in early can be risky.
Targets after breakout:
TP1: $0.48
TP2: $0.58 – $0.62
TP3: $0.75 – $0.85
Risk management:
If price breaks below $0.38, the channel support is invalidated, signaling further downside.
Keep an eye on volume spikes for confirmation — a real breakout usually comes with strong volume.
💡 Summary: $LQTY is in a classic bottoming setup inside a descending channel. Only a clean breakout above the trendline turns this into a proper reversal trade. Targets are healthy, but patience is key.
