W/USDT: Key Insights

Overview

-Resistance Zone:$0.29-$0.31 continues to cap rallies with strong selling pressure.
-Support Zone: $0.21-$0.22 remains a critical demand area, historically preventing further declines.
-Trend:
-Bearish momentum persists, with failed breakouts and downward pressure.
-Price trades below major moving averages, reinforcing bearish signals.
-RSI remains in bearish territory, indicating strong selling activity.

Strategy

Current Holders:
-Sell:Target $0.27 during rallies.
-Stop-Loss: Set below $0.22 to limit potential losses.

New Investors:
Entry Point:*Wait for pullback to $0.21.
Targets & Stops:Target $0.27 (28% gain), with stop-loss at $0.20 (5% risk).

W/USDT’s bearish trend highlights the importance of caution. Holders should secure profits or manage risks, while new investors should wait for better entry points near support.