Yi Xi Bullish
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⚠️ $WRX /USDT: Technical Analysis Before Delisting
🌐 Current Price: $0.0393 (-33.73%)
🔼 24h High: $0.0689
🔽 24h Low: $0.0333
With the delisting of WRX/USDT scheduled for 2024-12-25 at 08:00 (UTC+5), the pair has experienced significant price swings. Here are three key targets to watch before the pair is removed:
🎯 Target 1: $0.0450
This is the immediate resistance level. A recovery could push the price here, driven by short-term speculative trading.
🎯 Target 2: $0.0500
A mid-term psychological level. Reaching this zone would require strong buyer momentum and reduced selling pressure.
🎯 Target 3: $0.0330
A critical support level. If breached, further downside is likely as traders exit positions before delisting.
📊 Key Insights:
24h Volume (WRX): 251.73M
24h Volume (USDT): $12.51M
The elevated trading volume suggests a mix of panic selling and opportunistic trades.
🔍 Indicators Overview:
RSI: Deeply oversold, signaling a potential rebound, but risks remain high.
MACD: Bearish, indicating strong downward pressure.
💡 Risk Management Tips:
For short-term traders: Monitor $0.0450 for quick trades.
For long-term holders: Consider reducing exposure due to the imminent delisting.
#GrayscaleHorizenTrust #BinanceAlphaAlert #MicroStrategyInNasdaq100 #BinanceLaunchpoolBIO
🌐 Current Price: $0.0393 (-33.73%)
🔼 24h High: $0.0689
🔽 24h Low: $0.0333
With the delisting of WRX/USDT scheduled for 2024-12-25 at 08:00 (UTC+5), the pair has experienced significant price swings. Here are three key targets to watch before the pair is removed:
🎯 Target 1: $0.0450
This is the immediate resistance level. A recovery could push the price here, driven by short-term speculative trading.
🎯 Target 2: $0.0500
A mid-term psychological level. Reaching this zone would require strong buyer momentum and reduced selling pressure.
🎯 Target 3: $0.0330
A critical support level. If breached, further downside is likely as traders exit positions before delisting.
📊 Key Insights:
24h Volume (WRX): 251.73M
24h Volume (USDT): $12.51M
The elevated trading volume suggests a mix of panic selling and opportunistic trades.
🔍 Indicators Overview:
RSI: Deeply oversold, signaling a potential rebound, but risks remain high.
MACD: Bearish, indicating strong downward pressure.
💡 Risk Management Tips:
For short-term traders: Monitor $0.0450 for quick trades.
For long-term holders: Consider reducing exposure due to the imminent delisting.
#GrayscaleHorizenTrust #BinanceAlphaAlert #MicroStrategyInNasdaq100 #BinanceLaunchpoolBIO
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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