WBTC/USDT Technical Analysis & Trade Signal
Current Price: $106,599.48
24h Change: +0.33%
Technical Indicators
Support Levels:
First Support: $105,300 (based on recent low)
Second Support: $104,500 (next key level based on price action)
Third Support: $103,000 (psychological level)
Resistance Levels:
First Resistance: $107,990 (24h High)
Second Resistance: $108,500 (historical resistance)
Third Resistance: $110,000 (round number and psychological resistance)
Trade Momentum
Trend: The market shows a moderate bullish trend with a slight upward momentum (+0.33% in the last 24h).
RSI (Relative Strength Index): Near 55 (neutral to slightly bullish)
MACD (Moving Average Convergence Divergence): Bullish crossover confirmed.
Trade Signal
Buy Signal: Enter at $106,600 if the price holds above $105,300, with targets at $107,990, $108,500, and $110,000.
Stop Loss: Set a stop at $105,000 to manage risk.
Target Levels:
Target 1: $107,990
Target 2: $108,500
Target 3: $110,000
Conclusion:
The market is currently in a moderate bullish trend with increasing volume. A potential long position is viable if the price remains above $105,300, with upward targets at $107,990, $108,500, and $110,000. Keep an eye on support and resistance levels for further confirmation.
