$WBTC USDT BEARISH PRESSURE CONTINUES – SUPPORT TESTING IMMINENT
WBTCUSDT is showing consistent bearish pressure after failing to hold above $109,651. Price is forming lower highs and is currently hovering around $108,778 with immediate support at $108,476. If this support breaks, further downside towards $108,000 is likely in the short term.
🔻 Trade Setup (Short Entry)
Entry Zone: $108,750 – $108,900
Take Profit Targets:
🎯 TP1: $108,400
🎯 TP2: $108,000
🎯 TP3: $107,500
Stop Loss: $109,200
📉 Short Market Outlook:
Market structure remains bearish on the 15m timeframe with no strong reversal signals yet. Sellers continue to dominate under the $109,200 resistance. Watch for volume increase on breakdowns to confirm continuation.
⚠️ Risk Management: Always use strict stop losses and risk only 1-2% per trade to protect capital against volatility spikes.
💭 Comment “💥” if you see more downside coming!
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