$WRX /USDT Technical Analysis and Targets

📉 Current Price: $0.0807 (-6.16%)

📈 Timeframe: 30m

$WRX /USDT is trending downward, currently testing its 24-hour low of $0.0753. The asset has been unable to maintain bullish momentum, and traders are closely watching critical levels for potential price movement.

---

Targets Identified:

1. Immediate Support: $0.0750

A breakdown below this level could extend the decline, with further downside toward $0.0700.

2. Resistance Level 1: $0.0850

If the price recovers, $0.0850 will be the first resistance to test. Breaking this level is critical for any short-term bullish momentum.

3. Major Resistance: $0.0950

A breakout above $0.0950 would indicate a possible trend reversal, signaling renewed buying interest and potential movement towards $0.1000.

---

Trading Suggestions:

Short-Term: Monitor $0.0750 as a key support. Short positions can target this level with stop-losses at $0.0800.

Mid-Term: If the price climbs to $0.0850, partial profits can be considered, observing for continuation or rejection.

Long-Term: A confirmed breakout above $0.0950 could provide a bullish setup, targeting higher zones.

---

💡 Pro Tip: Watch for volume spikes at support or resistance levels to confirm movement strength. Utilize trailing stop-losses to manage risks effectively.

#CryptoTrading #WRXUSDT #TradingSignals #Binance #TechnicalAnalysis