$WAN /USDT POISED FOR BEARISH REVERSAL AFTER REJECTION AT RESISTANCE
The $WAN /USDT pair has shown a mild upward movement but is now facing strong resistance near the 0.0710 zone. A rejection from this level, combined with decreasing momentum, indicates a potential bearish reversal. Price failed to sustain above the upper Bollinger Band and is now sliding toward the midline, reflecting selling pressure.
Key Indicators:
MACD: Bearish crossover is forming with momentum fading.
EMA: Price is failing to hold above short-term EMAs, signaling a possible trend shift.
Bollinger Bands: Price bouncing off the upper band suggests upcoming consolidation or a drop.
Volume: Declining volume near the top signals a lack of bullish conviction.
Support Zone: 0.0630–0.0650 could act as the next key demand zone.
SHORT ENTRY ZONE: 0.0695 – 0.0705
TP1: 0.0660
TP2: 0.0632
TP3: 0.0600
SL: Above 0.0715
RISK MANAGEMENT: Always risk only 1–2% per trade. Stick to your stop loss and avoid revenge trading on failed setups.
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