🚀 WBTC/USDT: Bullish Long Setup Confirmed! 📈$WBTC is showing classic signs of a trend reversal and recovery. The 1-hour chart highlights a successful bounce from recent lows, with a high-probability "Long" setup now in play as it targets previous resistance levels.
📊 Technical Snapshot:
* Current Price: $67,870.52
* 24h High: $68,500.21
* 24h Low: $67,393.33
* Trend: Bullish Rebound & Trend Continuation
On the 1-hour timeframe, WBTC established a firm support base near $67,300 and is now forming "Higher Lows". The price is currently testing the MA7 and MA25 cluster, and a sustained hold here confirms the move toward the next psychological resistance.
💡 Strategic Outlook:
* Entry Zone: Look for entries around the current level of $67,870 or on a minor retest of $67,600.
* Target (Take Profit): The primary bullish target is set at $70,743.99, where significant liquidity resides.
* Stop Loss: To maintain a healthy risk-to-reward ratio, a Stop Loss should be placed below the recent swing low at $67,047.96.
Trading Tip: Macro sentiment is stabilizing as institutional demand remains steady despite recent volatility. This setup offers an excellent risk-to-reward for swing traders. Always use proper position sizing!
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