Technical Analysis $WET /USDT (Timeframe 1D):
Trend Structure: The medium-term movement is in a strong downtrend within a lower consolidation channel. The current price is around 0,06266 USDT, showing a daily increase of +19,26% due to a volatility spike near the lower support area.
Support & Resistance Levels:
Main Resistance: 0,15000 - 0,18000 USDT.
Critical Support: 0,04500 - 0,05200 USDT (lower channel boundary area).
Indicators & Volume: A small volume spike is visible on the latest daily candle, indicating potential speculative buying or a short-term short squeeze from the all-time low area.
Trading Signal:
Recommendation: Wait and See / Speculative Scalp Long (High Risk).
Buy Entry (Long): Wait for a slight correction to the 0,05800 - 0,06000 USDT area.
Take Profit (TP): 0,08500 USDT and 0,11000 USDT.
Stop Loss (SL): Below 0,04800 USDT to limit the risk of a breakdown below the lower channel.
Trend Structure: The medium-term movement is in a strong downtrend within a lower consolidation channel. The current price is around 0,06266 USDT, showing a daily increase of +19,26% due to a volatility spike near the lower support area.
Support & Resistance Levels:
Main Resistance: 0,15000 - 0,18000 USDT.
Critical Support: 0,04500 - 0,05200 USDT (lower channel boundary area).
Indicators & Volume: A small volume spike is visible on the latest daily candle, indicating potential speculative buying or a short-term short squeeze from the all-time low area.
Trading Signal:
Recommendation: Wait and See / Speculative Scalp Long (High Risk).
Buy Entry (Long): Wait for a slight correction to the 0,05800 - 0,06000 USDT area.
Take Profit (TP): 0,08500 USDT and 0,11000 USDT.
Stop Loss (SL): Below 0,04800 USDT to limit the risk of a breakdown below the lower channel.
