🚨 $WING - UPDATE
Wing is currently performing well, and as long as the 6.262 support level holds, we could see a potential surge toward 7.00, representing at least a 13.02% pump from the current price.
On the daily chart, the price broke through the resistance at 6.150 yesterday and surged to 6.614. This previous resistance has now turned into strong support. The price retraced to test the 6.262 support level and has since recovered to 6.413.
🛑 Spot Trading Outlook:
For spot traders, as long as the price holds above 6.262, the outlook remains bullish. However, if this support is broken, the price could dip toward 6.00, with a possible downside to 5.650. On the flip side, if the support holds, we can expect further upward momentum.
🛑 Futures Trading Strategy:
On the 2-hour chart, the trendline support is a critical level to watch. As long as this trendline remains intact, the bullish structure is preserved. However, if broken, caution is advised.
For entry, consider buying around 6.300 - 6.350, targeting 6.614 initially. If the momentum remains strong, secondary targets could range between 6.800 - 6.900.
⚠️ Tight stop-loss (SL) management is recommended for risk mitigation.
