Technical Analysis of $W
/USDT (Short-Term Outlook bull runs
Current Price: 0.2869 USDT
Trend: The price has recently been consolidating between 0.2663 (24h Low) and 0.2879 (24h High). The current price is closer to the upper range, suggesting a potential continuation or a corrective pullback.
Support Levels:
Primary Support: 0.2663
Secondary Support: 0.2730 (BINANCE Depth Level)
Resistance Levels:
First Resistance: 0.2879 (24h High)
Next Key Resistance: 0.2887 (Depth Level)
Trade Signal (Long Entry):
Entry Point: Around 0.2860 - 0.2870 (near current price range, assuming continued momentum)
Stop Loss: Place below 0.2663 (Risk management)
Target Levels:
1. Target 1: 0.2900 (Initial resistance breakout)
2. Target 2: 0.2935 (Next resistance zone)
3. Target 3: 0.2980 (Continuation of the upward momentum)
Momentum:
The 24h volume suggests moderate buying interest, with the price testing the higher range (near 0.2879).
If price action remains strong and breaks the 0.2879 resistance, this will increase the likelihood of a continuation upward towards the next targets. If there's a retracement, watch for support near 0.2730 to act as a possible buying area.
Be cautious of a potential pullback to the lower support levels before considering entries.