Price: 0.844 | EMA7: 0.84 | EMA25: 0.8 | RSI14: 72.04 | Resistance: 0.884 | Support: 0.593 | Average Volume: 103428.82 | Volume Trend: Decreasing
Based on the provided 1-hour technical analysis of LQTYUSDT, here's my response:
* Long Entry: Take a long position when the price breaks above the resistance level of 0.884 with a stop loss below the support level of 0.593.
* Short Entry: Take a short position when the price breaks below the support level of 0.593 with a stop loss above the resistance level of 0.884.
Advice: Use these guidelines along with multiple analysis methods, risk management techniques, and their potential impact on your trading strategy. Also, be aware that the cryptocurrency market is volatile and requires constant monitoring. Always practice responsible trading and make informed decisions before entering any trade.