$WBTC /USDT Trading Signal - Oversold Reversal Incoming?
Entry Range: $96,800 - $97,300
Target 1: $98,500
Target 2: $100,000
Stop Loss: $96,000
Observation: WBTC has reached a key support level at $96,097 after a significant drop from $102,364. Current price action indicates potential oversold conditions, setting the stage for a possible recovery. Buyers will need to push beyond $97,300 for confirmation of upward momentum.
Action: Partial profit-taking is advised at $98,500, with further gains possible if resistance near $100,000 is breached. Maintain a stop-loss below $96,000 to limit downside exposure.