PegPlay

🚨 $WBTC /BTC: On-Chain Peg Pressure or Breakout Loading? 🚨

$WBTC is hovering just shy of its BTC peg at 0.9993, with low volatility hinting at a potential sharp move. Despite minimal fluctuations, the Parabolic SAR shows pressure building up.

This tight range could be the calm before the breakout.

📊 Key Levels to Watch:

Entry Zone: 0.9990 – 0.9993

Target 1: 0.9998 (Immediate Resistance)

Target 2: 1.0003 (Psychological Breakout)

Target 3: 1.0011 (Extended Upside)

Stop Loss: Below 0.9985

📌 With BTC market sentiment improving, this peg play could attract arbitrage and speculative positioning. Stay sharp — even a slight deviation can offer clean scalp setups.

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$WBTC