WIF/USDT Technical Analysis & Trade Signal:
Current Price: 2.350 USDT
24h Price Change: -15.59% (Bearish momentum)
Support Level: 2.236 USDT
Resistance Level: 2.794 USDT
Key Technical Indicators:
SAR (Stop and Reverse): 2.520 USDT (indicating a potential reversal point)
Current Trend: Bearish (due to recent decline of -15.59%)
Momentum: Weak bearish momentum as the price is moving lower, with potential for a slight recovery toward the resistance level.
Trade Signal: Short Position (Bearish)
Entry Point: 2.350 USDT
Target Levels:
First Target: 2.236 USDT (Near support level)
Second Target: 2.150 USDT (Near key price zone for further drop)
Third Target: 2.100 USDT (Lower potential support)
Stop Loss: 2.520 USDT (Above SAR level)
Trade Momentum:
Short momentum is expected to continue, but a potential pullback toward 2.520 USDT could occur before further downward movement. Keep an eye on volume and potential reversal signals.
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