2026-01-12 15:39:33

LQTY is showing a classic descending wedge pattern on the daily chart, currently at a critical breakout point. This pattern typically indicates that strong upward momentum is about to be unleashed.

Observing the current trend, once the price confirms a breakout above the wedge's upper trendline, it is likely to trigger a rapid surge. According to technical analysis principles, the upward target points to the $1.08 region, where there is a clear resistance level.

It is important to pay close attention to the volume confirmation during the breakout—moderate volume increase combined with a price breakout often leads to more sustained gains. If the volume is insufficient during the breakout, the rebound strength may be limited.

In the short term, this is a good entry opportunity window. But be sure to set a stop-loss to prevent a false breakout from leading to a decline. Market variables are numerous, so staying vigilant is always wise.

LQTY-1,25%

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GweiWatcher

· 01-15 14:09

How many times have I said that a wedge breakout depends on whether the trading volume gives face or not?

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GasFeeSobber

· 01-15 04:51

A wedge breakout sounds good, but if the trading volume isn't enough, it probably will still fall back down.

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ProveMyZK

· 01-14 13:40

The wedge breakdown doesn't seem that simple; it depends on whether the volume can keep up.

You need to keep a close eye on the trading volume; otherwise, the rebound might be a false breakout.

At the 1.08 level... to be honest, I don't really believe it; often, after a breakdown, it goes higher.

Stop-loss should be set properly, but I think this wave is likely to go up.

If the volume isn't enough, it's okay to wait a bit longer.

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AirdropHarvester

· 01-13 05:36

The narrative of a wedge breakout has been heard too many times, and in the end, it just drops even more tragically.

1.08 resistance level? I think it's a joke. Without sufficient volume, it's all for nothing.

Setting stop-losses sounds easy, but when you're truly losing money, who isn't cutting into their flesh and bleeding profusely?

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Degen4Breakfast

· 01-12 16:09

I’m already tired of wedge breakouts; every time I say it will rise, it just reverses and crashes instead.

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BlockchainTalker

· 01-12 16:05

actually, volume confirmation is key here... seen this wedge pattern fail too many times when retail fomo'd in without proper accumulation backing it up. proceed cautiously.

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DoomCanister

· 01-12 16:04

Is that all for the wedge breakout? Let's wait until the trading volume increases. If you go in now, you'll probably get trapped.

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GasFeeCrier

· 01-12 16:03

Breaking below depends on volume, otherwise it's just a false break. It may not even reach 1.08.

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ProposalManiac

· 01-12 15:54

Breakouts with insufficient volume are all false alarms; how many pitfalls have we stepped into historically... The key is whether the resistance level at 1.08 can truly be confirmed as broken, don't just enter based on a nice-looking pattern.

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