🔷 WBTC/USDT Analysis (15-Minute Time Frame) - December 21, 2024
🟩 Long / Short?
• Long - Based on the recent market movement and key support areas.
♻️ Leverage
• Leverage: 10x (This can vary depending on your risk tolerance and strategy).
👉 Entry
• Entry: 98,050 USDT (around current market levels after a pullback or confirmation of trend continuation).
🎯 Target
• Target 1: 99,000 USDT (previous resistance level)
• Target 2: 99,500 USDT (stronger resistance)
• Target 3: 100,000 USDT (psychological resistance level)
• Target 4: 101,000 USDT (next significant resistance zone)
⛔ Stop Loss (SL)
• Stop Loss: 97,500 USDT (below the recent support area, ensuring risk management is respected).
Market Analysis:
• Current Sentiment: Bullish (Based on the latest 15-minute price action, the asset is trending upwards).
• Support Zone: The key support zone lies around 97,500 - 97,700 USDT.
• Resistance Zone: Resistance is seen at 99,000 - 99,500 USDT, with the next major resistance at 100,000 USDT.
• Price Action: The market has been testing higher levels and shows signs of breaking through previous resistance zones. A bullish continuation is favored if it holds above 98,000 USDT.
• Volume: Increased buying volume indicates sustained upward momentum.
