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$LQTY USDT (1h) - Choppy Recovery & Range Resistance Rejection
Bias: Short
Entry (Zone): 0.2720 – 0.2760
Targets:
TP1: 0.2650
TP2: 0.2580
TP3: 0.2500
Stop Loss: 0.2820
Why this Setup:
I’m leaning short as the overall 1-hour market structure remains under bearish pressure despite recent volatile swings. The price recently experienced an aggressive flush down to 0.2583, followed by a sharp but choppy relief rally that topped out near 0.2800. The asset is now printing consecutive red candles and failing to sustain its higher ground, indicating that sellers are defending the overhead range resistance. I expect the price to continue dropping back down to retest the local support liquidity pockets.
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