$WRX /USDT Crashes – Severe Selling Pressure, What’s Next?
$WRX has plummeted by -23.43%, now trading at $0.1635 after a sharp drop from its 24-hour high of $0.2508 to a low of $0.1780. The steep decline highlights intense selling pressure, likely fueled by panic selling or profit-taking.
Traders should keep a close watch as WRX has entered an oversold zone, which could spark a short-term rebound if buying interest emerges within the $0.1780–$0.1850 support range.
📌 Key Levels to Watch:
Upside Potential: Stabilization above $0.2000 could initiate a relief rally toward the next resistance at $0.2270.
Downside Risk: If the current support fails, further declines toward $0.1740 may occur.
💡 Trading Approach:
Look for confirmation of increased buying volume and RSI recovery before considering entries.
Use tight stop-loss orders to navigate the volatility and protect your capital.
Stay alert for signs of a reversal or continuation, as this level could present both risks and opportunities. Manage trades cautiously and focus on risk management during this turbulent period.