$WRX /USDT Technical Analysis
WRX has shown significant upward momentum, gaining +17.87% within 24 hours, with strong volumes and price action signaling bullish momentum.
Key Levels:
Resistance (R1): $0.1350 (24h High)
Support (S1): $0.1048 (SAR Level)
Indicators Analysis:
1. Parabolic SAR: Bullish, indicating upward trend continuation as price remains above $0.1048.
2. RSI: Approaching overbought levels but still has room for further gains, signaling strong buying pressure.
3. Volume Profile: High volume (300.37M WRX) supports the bullish breakout.
Trade Signal
Entry Zone: $0.1120โ$0.1150 (upon confirmation of price stability above $0.1100).
๐ฏ Target Levels:
1. Target 1 (T1): $0.1200 (+5.2%)
2. Target 2 (T2): $0.1270 (+11.4%)
3. Target 3 (T3): $0.1350 (+18.3%)
Stop-Loss (SL): $0.1050 (below SAR level for risk management).
Trade Momentum
Bullish: Current trend indicates strong buying momentum driven by increased volume and breakout above $0.1100.
Recommendation: Watch for pullbacks towards $0.1120 for better entry and manage positions carefully around $0.1350 as it is a critical resistance level.