$WRX Price Action: Breakout Brewing with Precise Targets to Watch
$WRX is showing strong momentum on the 15-minute chart, currently trading at $0.2887 after a significant upward move. The price is consolidating just below the resistance level of $0.2980, signaling a potential breakout if buying pressure continues. Traders looking to capitalize on this setup can enter between $0.2885 and $0.2890, targeting small, achievable gains to minimize risk while riding the momentum. The first target sits at $0.2920, followed by $0.2945, with a final push toward the key resistance at $0.2980.
However, if WRX fails to sustain above $0.2820, a retracement may occur, making it critical to place a stop loss at this level for risk management. With tightening price action and strong volume, this setup provides an excellent opportunity for traders looking for a short-term breakout play. Keep a close eye on this chart for confirmation.