$WAN
/USDT Technical Analysis and a Trade Strategy 🎯 🚀
Current Price: 0.3122 USDT
24h High: 0.3130 USDT
24h Low: 0.2611 USDT
Bollinger Bands:
Upper Band (Resistance): 0.3079
Middle Band (Support): 0.2655
Lower Band: 0.2230
Parabolic SAR: 0.2568 (Support)
Market Depth: Slightly more selling pressure at 0.3130, but overall balance.
Trade Strategy
Long Position (Bullish Scenario)
1. Entry: If the price breaks and sustains above 0.3130, this will confirm the bullish momentum.
2. Target Keys 🎯:
Target 1: 0.3190 (Next resistance level). A slight extension above 0.3130 could provide a small upside.
Target 2: 0.3250 (Further bullish continuation). This level can be considered if momentum strengthens.
Target 3: 0.3300 (Resistance zone). A key psychological level and possible resistance if price continues upward.
3. Stop-Loss: Below the Parabolic SAR at 0.2568 to manage risk effectively.
Short Position (Bearish Scenario)
1. Entry: If the price fails to sustain above 0.3130 or drops below the middle Bollinger Band (0.2655), short positions can be considered.
2. Target Keys 🎯:
Target 1: 0.2655 (Middle Bollinger Band), where the price might stabilize.
Target 2: 0.2611 (24h Low). The price may retest this low before further movement.
Target 3: 0.2230 (Lower Bollinger Band). This is the final support level where the price could reach if bearish momentum increases.
3. Stop-Loss: Above the upper Bollinger Band at 0.3079, to limit potential losses in case of a reversal.
Summary
Long: Break above 0.3130 with targets at 0.3190, 0.3250, and 0.3300.
Short: Failure to break 0.3130 or a drop below 0.2655, with targets at 0.2655, 0.2611, and 0.2230.
Always monitor the price action closely for breakouts or reversals and adjust targets as the market evolves.