$WBTC

$WBTC Trade Plan for WBTC/USDT 📈

Current Price: $93,928.87
24h Change: -0.16%
Market Cap: $12.24B
24h Volume: $274.79M

✅ Entry Zone:

Buy within $93,700 – $93,900, assuming this range is near a support level after the recent 0.16% dip. This is a conservative entry to account for potential consolidation.

⛔ Stop Loss:

Set at $93,300 (below the entry zone, roughly 0.4% below the lower entry point to account for WBTC’s lower volatility, as it tracks Bitcoin).

🎯 Profit Targets:

Target 1: $94,300 📍 (Move stop to breakeven)

Target 2: $94,700 🎯

Target 3: $95,200 🚀

📊 Risk/Reward Ratio:

3:1+ ⚖

Risk: $93,900 - $93,300 = $600

Reward (Target 2): $94,700 - $93,900 = $800 (R:R of ~1.3:1 at Target 2; higher if Target 3 is hit).

### Key Observations:

Bearish Short-Term Momentum: Price down -0.16% in 24h, indicating a minor pullback, typical for WBTC as it mirrors Bitcoin’s movements.

Volume: $274.79M in 24h suggests lower liquidity compared to XLM’s $243.23M, but still sufficient for a coin of this size.

Market Cap: $12.24B indicates WBTC is a smaller mid-tier coin, with low volatility since it’s pegged to Bitcoin’s price.

Price Context: $93,928.87 suggests Bitcoin (and thus WBTC) is at an all-time high range (historically, Bitcoin was below $70,000 in early 2024). A break above $94,300 could signal continued bullish momentum.

🔄 Strategy:

Trail stop above the entry price after Target 1 is hit to lock in profits.

Watch for rejection at psychological resistance around $94,500–$95,000.

If momentum weakens (e.g., price fails to break $94,300), consider an early exit at a 2:1 R:R.