$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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