$WBTC USDT – STRONG REJECTION FROM NEAR $120K! SHORT OPPORTUNITY BREWING

SHARP WICK ABOVE

EMA(7) FLATTENING OUT

$WBTC USDT saw a strong push toward $119,997 but faced immediate rejection, forming a sharp upper wick and dropping back near EMA support levels. Price is now hovering just above EMA(25), signaling potential exhaustion on the bullish side.

SHORT TRADE SETUP:

Entry: $118,730

Target 1: $118,100

Target 2: $117,400

Stop Loss: $119,350

Unless bulls reclaim $119K with volume, this could develop into a local top. Momentum is stalling — favoring a short-term pullback.

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