$WING /USDT Analysis Report
Current Price Overview
Current Price: $4.861
24h High: $5.284
24h Low: $4.777
Chart Analysis1. Price Trend:
$WING has experienced some volatility over the last 24 hours, hitting a high of $5.284 before dropping to a low of $4.777. The current price of $4.861 is relatively close to the lower end of this range, suggesting potential support around $4.800.
2. Moving Averages:
The Volume SMA (Simple Moving Average) for the last 9 periods indicates an average trading volume of 1.223K, which is considerably lower than the 24-hour trading volume of 731,325.94. This suggests increased trading interest in the recent period.
3. Price Resistance and Support Levels:
Resistance Levels:
Immediate resistance at $5.000
Next key resistance at $5.050 and the recent high of $5.284
Support Levels:
Immediate support at $4.800
Next support at $4.750 and $4.700 if the price continues to decline.
Trade Entry Levels
Long Trade Entry:
Entry Point: Consider entering a long position above $5.000 if the price breaks through this resistance level.
Stop Loss: Set a stop loss at $4.800 to manage risk.
Take Profit: Target profits at $5.050 and $5.284 as price levels where profit-taking could occur.
Short Trade Entry:
Entry Point: Consider a short position if the price breaks below $4.800.
Stop Loss: Place a stop loss at $4.850 to limit potential losses.
Take Profit: Target support at $4.750, with a secondary target at $4.700 if bearish momentum continues.
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