$WAN
/USDT Technical Analysis &Trade Signals 🚀 🎯
1. Price Action & Trend:
The price of WAN/USDT is currently at $0.2779, showing a positive change of +7.50% over the last 24 hours.
The price is trending near the lower Bollinger Band ($0.2752), which could act as short-term support.
The Parabolic SAR is at 0.2888, indicating a possible bullish trend reversal if the price moves above this level.
2. Bollinger Bands:
The Upper Band at $0.2947 is a key resistance level, and the price needs to break above it for a continuation of bullish momentum.
The Middle Band at $0.2850 is acting as a short-term pivot point, and the price is currently below it, suggesting potential consolidation before further movement.
3. Volume:
The trading volume of WAN (17.49M) and USDT (4.73M) shows decent activity, indicating strong market interest. Volume should be watched for confirmation of trend continuation or reversal.
Trade Strategy
Long Position (Buy
Entry: Consider entering a long position near the support level at $0.2752 or a potential bounce from $0.2800.
Stop Loss: Place the stop loss just below the 24h low of $0.2560 to limit downside risk.
Target Levels (3 Key Targets
Target 1: $0.2850 (Middle Bollinger Band) – First resistance zone, where you can lock in partial profits or tighten your stop.
Target 2: $0.2920 (24h High) – A potential area for profit-taking as it aligns with the upper Bollinger Band.
Target 3: $0.3000 – A psychological level and next resistance zone if the price breaks above the $0.2920 level.
Short Position (Sell
Entry: If the price fails to break above the middle Bollinger Band or if it starts showing bearish momentum below $0.2752, consider shorting.
Stop Loss: Place the stop loss just above the recent high of $0.2920.
Target Levels (3 Key Targets
Target 1: $0.2650 – Next support level, potential for a short-term pullback.
Target 2: $0.2560 (24h Low) – Major support zone, where price might find stronger support.
Target 3: $0.2450 – Potential lower support level if the bearish trend continues