📉
#WETUSDT Key Price Levels and Trend Probability Reassessment
Considering the overall technical formations and the aforementioned fundamental risks, it is necessary to recalibrate key price levels and trends.
Upper Key Resistance
Strong Resistance Zone: $0.2330 - $0.2380
Recent multiple rebound highs and fractal resistance accumulation area, heavy pressure.
Breakout Level: $0.2160
The upper edge of the "descending wedge" on the 1-hour chart is the most important technical signal for short-term bulls and bears; a breakout would confirm a short-term bullish pattern.
📌 Lower Core Support
Lifeline: $0.2000
A psychological round number and previous lows, which also coincides with the bearish target set by professional analysis; this position must not be compromised.
Deep Target Level: $0.1850 - $0.1900
If $0.2000 is effectively broken, combined with concentrated selling risks, it may quickly slide towards this area.
All strategies must be based on the core understanding of "extreme fear + high control"; risk management is the top priority.
For those holding long positions in spot or contracts
Current Situation: Very passive. Must accept the fact that the market has turned weak.
Clear Recommendation:
Reduce positions/Exit opportunities: Treat any rebound towards $0.2160 (wedge resistance) or the $0.2250-$0.2330 area as a valuable opportunity to reduce positions.
Strict Stop Loss: The stop loss for remaining positions must be set below $0.1990. Once it breaks below $0.2000, the risk of a deep decline increases significantly.
For those with no positions/short-term traders
Main Strategy (Aligning with Risk Reality): Short on rebounds to strong resistance levels.
Entry Point: Price rebounds to the $0.2250-$0.2330 area and shows a stagnation signal on the 15-minute chart.
Stop Loss: Above $0.2380.
Target: $0.2100 -> $0.2000.
Secondary Strategy (High-Risk Gamble): Long based on key support levels.
Entry Point: Absolutely do not catch the bottom early. Only consider testing with a very small position when the price drops to the $0.2000-$0.2020 area and shows a clear bullish candlestick pattern on the 1-hour chart (such as engulfing, hammer).
Stop Loss: Below $0.1980.
Target: Quick in and out, aiming for $0.2160 or $0.2250.
Warning Regarding Any Long-Term Strategies (Grid, Dollar-Cost Averaging)
Given the extreme risk of the top three addresses holding 77% of the tokens, any automated buying or long-term holding strategies may face a "waterfall" market due to concentrated selling by major holders. If running a grid, it is essential to significantly lower the lower limit to $0.1700 or lower; otherwise, it is strongly recommended to pause such strategies
#加密市场观察