technical analysis and trade signals for $WAN /USDT, along with three target levels and trade momentum:
Technical Analysis for WAN/USDT:
1. Current Price: 0.2676 USDT
2. 24h High: 0.2695 USDT
3. 24h Low: 0.2374 USDT
4. Key Support: 0.2374 USDT
5. Key Resistance: 0.2695 USDT
Price Trend:
Short-term Trend (15m - 1h): Minor pullback in the short term, with a drop of around 1.27%. The current price shows slight weakness but this could be an opportunity for buyers at lower levels.
Medium-term Trend (4h): Positive momentum, with a 2.71% gain, indicating potential for further upward movement if the support level holds.
Trade Momentum:
RSI (Relative Strength Index): Currently approaching a neutral level. If RSI moves toward the overbought zone (above 70), it might signal a potential pullback.
MACD (Moving Average Convergence Divergence): Bullish cross observed, indicating upward momentum.
Trade Signals:
Buy Signal: Consider buying near the support level (around 0.2374 USDT) if the price holds and the MACD remains bullish. A bounce from this level could push the price back towards resistance.
Sell Signal: If the price reaches near the resistance level (0.2695 USDT), watch for a reversal signal (e.g., RSI above 70) or if the price fails to break through.
Target Levels:
1. Target 1: 0.2745 USDT – If the price successfully breaks the 0.2695 resistance, the next target is around 0.2745, where selling pressure might appear.
2. Target 2: 0.2800 USDT – A further breakout could push the price towards 0.2800, a psychological resistance point.
3. Target 3: 0.2850 USDT – The final target could be around 0.2850 if strong momentum is sustained.
Trade Strategy:
Entry: Buy near the support (0.2374 USDT) with confirmation from MACD or price action.
Exit Strategy: Target first exit near 0.2745 USDT, second exit at 0.2800, and third exit at 0.2850 if momentum is strong.
Stop-loss: Set a stop-loss around 0.2350 USDT to minimize risk if the price fails to hold above support.