$WBTC /USDT Trading Signal - Potential Reversal?

Current Price: $95,551.51

24H Range: $95,155.70 - $101,809.06

EMA Levels:

EMA(7): $96,032.35

EMA(25): $97,430.42

EMA(99): $98,247.03

Analysis:

WBTC is attempting to recover from its 24-hour low at $95,155.70, showing initial signs of support. EMA levels indicate strong downward momentum; however, a short-term relief rally could test EMA(7) and EMA(25).

Potential Setup:

Entry Zone: $95,200 - $95,800

Targets:

Target 1: $96,800

Target 2: $97,500

Stop Loss: $94,700

Observation:

Watch for a strong bounce above EMA(7). If price action remains below EMA(25), a continuation of the bearish trend is likely.

Actionable Advice:

Monitor price action closely for rejection near $97,500.

Secure partial profits near $96,800 and adjust stop-loss levels.

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