đ $WRX /USDT Technical Analysis â Eyes on the Targets! đŻ
Current Price: $0.0692
Market Trend: Bearish correction
WRX has been under pressure but shows signs of recovery. Here's what to watch for:
Key Levels:
1ïžâŁ Target 1: $0.0800
Reason: Immediate resistance and a retracement level. Breaking this could indicate the start of a rebound.
2ïžâŁ Target 2: $0.0950
Reason: Mid-range resistance and a key psychological level. Sustained momentum could push WRX here.
3ïžâŁ Target 3: $0.1179 (24H High)
Reason: Strong resistance zone. A breakout above this can trigger bullish sentiment for higher targets.
Support: $0.0620
Watch for this level to hold; otherwise, further downside is possible.
Indicators:
RSI: Oversold, hinting at potential recovery.
Volume: Increasing; a potential signal of accumulation.
Strategy
Short-term traders: Focus on $0.0800 for quick gains.
Mid-term investors: Look for consolidation above $0.0950 to confirm strength.
Long-term holders: Monitor a breakout above $0.1179 for sustained upward movement.
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