technical analysis and trade signal for $WRX /USDT:🎯🎯🎯🔥🔥🚀🚀🚀

WRX/USDT Technical Analysis:

1. Current Price: $0.2671

The pair is currently showing a bullish momentum, with a +5.24% increase over the last 24 hours.

2. Support & Resistance Levels:

Immediate Support: $0.2354 (24h Low)

Immediate Resistance: $0.2980 (24h High)

3. Moving Average & Indicators:

SAR (0.02, 0.2): The SAR value stands at $0.2844, indicating potential bullish continuation if the price remains above this level.

The Relative Strength Index (RSI) and other momentum indicators suggest a moderate bullish trend.

4. Price Action:

The price is consolidating above the $0.2350 support level, showing an upward breakout potential.

If the price breaks the resistance level at $0.2980, it could potentially continue its upward movement.

Trade Signal:

Trade Type: Long Position

Entry Point: Enter at $0.2671 (current price) or near the support at $0.2354.

Target Levels (🎯):

1. First Target (🎯 1): $0.2844 (SAR level) - A logical target as the price could face resistance here.

2. Second Target (🎯 2): $0.2980 (24h High) - A strong resistance level; this is the next key level for the price to break.

3. Third Target (🎯 3): $0.32 - A psychological round number target based on current bullish momentum and previous price patterns.

Trade Momentum:

Momentum: The market shows a positive upward momentum with a +5.24% change in the last 24 hours. A breakout above $0.2844 could signal further bullish continuation.

Risk Management: Ensure to place a stop-loss just below the support at $0.2350 to protect the position from major drawdowns in case of a price reversal.

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