$WBTC TECHNICAL ANALYSIS: BEARISH SENTIMENT ALERT đ
Current Price: 101,543.54
Key Levels:
Resistance: 102,415.65 â 102,809.82 âĄ
Support: 100,838.98 â 101,233.15 đĄïž
Market Bias: Bearish đ»
Price has dropped -5.27% in the last 24h and is trading below the MA60, indicating potential further downside.
Trade Setup:
Short Entry: 101,500 â 101,600 âŹïž
Target 1 (TP1): 101,233.15
Target 2 (TP2): 100,838.98
Stop Loss (SL): 102,021.48 đ«
Risk Management:
Risk only 1-2% of capital per trade đĄ
Adjust SL dynamically if price breaks key support or resistance.
â ïž Summary: The pair is showing weakness near resistance. Short bias is preferred until a clear bullish reversal forms above 102,415.65.
If you want, I can also make a bullish version in case of reversal so you have both scenarios ready. Do you want me to do that?
#FOMCMeeting #BinanceHODLerMMT #MarketPullback #GENIUSAct #GENIUSAct #$WBTC
