🎯🚀🚀$WRX /USDT Technical Analysis & Trade Signal🎯🎯🚀🚀
Current Price: 0.1005 USDT
24h High: 0.2508 USDT
24h Low: 0.0940 USDT
24h Change: -57.67%
Technical Indicators:
Support Level (SAR): 0.0950 USDT
Resistance Level: 0.2508 USDT (recent high)
Trend Momentum: Bearish (due to the significant drop of 57.67% in the last 24 hours)
Trade Setup:
1. Entry Level:
Ideal Entry: 0.0950 - 0.1000 USDT (Approaching support, potential for bounce or reversal)
Stop Loss: 0.0900 USDT (Below the support level to minimize risk)
2. Target Levels:
Target 1 (T1): 0.1200 USDT (Initial resistance, 20% potential gain)
Target 2 (T2): 0.1500 USDT (Mid-range resistance, 50% potential gain)
Target 3 (T3): 0.2000 USDT (Strong resistance near the previous high, 100% potential gain)
Trade Momentum:
The momentum is currently bearish, but the price has recently hit support levels. There is a potential for a short-term reversal or consolidation around the 0.0950-0.1000 level. A successful bounce from support could lead to a gradual move towards the resistance levels mentioned above.
Monitor the price closely for any signs of upward movement once it tests the support, and consider entering a position as the price approaches 0.0950-0.1000.
Key Risks:
The market sentiment is highly volatile, and the price could continue to drop if the broader market shows bearish trends.
The stop loss at 0.0900 is essential to manage downside risk.
Recommendation:
Buy around 0.0950 - 0.1000 USDT with the targets at 0.1200, 0.1500, and 0.2000 USDT.
Monitor closely for signs of reversal or further weakness.