$WBTC Consolidation: Low-risk Short-Term Targets

WBTC

106,026.85

+0.91%

$WBTC is currently trading at $105,672 on the 15-minute chart, showing a slight recovery after testing the support at $105,200. The price is staying in a tight range, suggesting a potential breakout as bulls attempt to reclaim the higher ground.

For an ideal entry, look around $105,600 – $105,700. Short-term targets are kept close to ensure risk control:

TP1 at $105,900

TP2 at $106,050

TP3 at $106,200

To minimize downside exposure, place a stop loss at $105,400. With the RSI at 51, WBTC is maintaining neutral momentum, suggesting a potential upside move. Traders should closely monitor volume and price action to confirm a breakout.