💰 $W Analysis and Strategy Update

The price of #W is currently testing the MA200 (green line), a critical resistance level. On the downside, it has strong support at the MA25 (pink line) and the horizontal support (white line) at 2895.

🔼 Strategy for LONG:

Entry: Take a LONG position only if the price holds above the MA200 (green line). This indicates a bullish breakout.

Stop Loss: Place at MA25 (pink line) or Horizontal Support (2895) to manage risk.

Targets:

🎯 Target 1: 3300

🎯 Target 2: 3400

🎯 Target 3: 3600

🎯 Target 4: 3800

🎯 Target 5: 4100

🔎 Insights:

If the price stays above the MA200, it could trigger a strong bullish rally.

Resistance 1 (3606) and Resistance 2 (4139) are key areas to watch for potential reactions, but momentum can push through these levels.