$WBTC /USDT SHORT TRADE SIGNAL
Trade Setup:
The chart for WBTC/USDT shows a clear rejection from the 24h high of 117,410.35. The price has since been in a downward trend and is currently at 114,895.24. This bearish price action indicates a potential for further decline.
Entry: Short entry is valid at the current price of 114,895.24.
TP (Target Profit):
TP1: 114,627.40
TP2: 113,942.76
SL (Stop Loss): 117,410.35 (The recent 24h high, which is a strong resistance level.)
Short Outlook of Market:
The short-term outlook for WBTC/USDT is bearish. The price failed to sustain its rally and has entered a clear downtrend after hitting the 24h high. This suggests that selling pressure is increasing. The price is likely to continue its descent toward the recent low and potentially lower support levels.