🔥🚀 $W Trade Setup – Oversold Bounce Incoming? 🚀🔥
$W is sitting at 0.0793 USDT, right above its 24h low of 0.0778. Charts show oversold conditions, and buyers could be gearing up for a reversal rally. 📈
📊 Entry Plan
🔹 Best Entry: Near 0.0778 (24h Low) OR wait for confirmation (RSI > 35 or %R(14) > -80).
🛡 Stop-Loss: Below 0.0778 (conservative) or 0.0750 (psychological safety net).
🎯 Take-Profit Targets:
TP1: 0.0839 → ~5.5% gain ✅
TP2: 0.0856 → ~8% gain 🚀
TP3: 0.0949 → ~20% gain 💎
⚡ Resistance Zones:
Immediate: 0.0839 (swing high)
Strong: 0.0856 (24h High)
Major: 0.0949 (previous resistance)
📈 Technical Backdrop:
RSI(6): 33.56 → oversold, bounce likely.
%R(14): -82.14 → nearing reversal zone.
OBV: 843M, showing accumulation pressure.
K/D/J: K (25.91) < D (37.09), but J (3.56) hints a possible bullish cross.
⚡ Trade Summary:
Direction: Buy the dip OR on reversal signal confirmation.
Targets: 0.0839 → 0.0856 → 0.0949.
Risk/Reward: ~1:2 up to 1:4 (favorable setup).
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🔥 Conclusion: $W is oversold but showing signs of accumulation. If bulls defend 0.0778, we could see a solid bounce toward 0.0856+ — with 0.0949 on the table if momentum explodes. 🚀
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