$WAN
/USDT Technical Analysis & Trade Signal🚀
Current Price: $0.2551
Key Indicators:
Bollinger Bands:
Upper Band: 0.2841
Middle Band: 0.2646
Lower Band: 0.2451
SAR (Parabolic SAR): 0.2952 (indicating a bullish trend)
24h High: 0.3027
24h Low: 0.2404
Volume: 32.17M WAN / 8.79M USDT
Depth: 25.5917% (strong buy-side depth, indicating potential support)
Trade Signal: Bullish Bias
Given the current market structure and indicators, WAN/USDT is showing signs of bullish momentum. The Bollinger Bands suggest that price is consolidating between the upper and lower bands, with a potential breakout above the middle band at 0.2646. The SAR at 0.2952 adds to the bullish outlook, reinforcing the possibility of a continued upward move.
Target Levels (🎯):
1. Target 1: 0.2700
A minor resistance level above the middle Bollinger Band (0.2646), where price might test before moving higher.
2. Target 2: 0.2841
Upper Bollinger Band, acting as the primary resistance level. A break above this could signal further gains.
3. Target 3: 0.3027 (24h High)
If price breaks through the 0.2841 resistance, the 24h high at 0.3027 could be the next target, representing a continuation of the bullish trend.
Trade Momentum:
The current momentum is bullish, as indicated by the SAR and the recent price increase of +6.11%.
Volume is relatively strong, indicating market participation to support upward movement.
A breakout above 0.2646 (middle Bollinger Band) could trigger further momentum toward the target levels.
Stop Loss (SL):
0.2429 (near the lower Bollinger Band): A level of support that aligns with a potential stop in case of reversal.
Trade Plan:
1. Buy Entry: At current price (0.2551) or on a slight pullback to 0.2500–0.2530.
2. Targets:
Target 1: 0.2700
Target 2: 0.2841
Target 3: 0.3027
3. Stop Loss: Set below 0.2429 to protect from major reversals.
Maintain a bullish stance unless the price breaks below the lower band (0.2451) or the stop loss level. If price breaks above 0.2952 (SAR level), consider adjusting targets higher.