$WBETH Technical Alert: Bullish Reversal Loading!
$WBETH (Wrapped Beacon ETH) is showing classic signs of a bottom after a sharp, aggressive sell-off. We are currently watching a solid rejection from the local lows near $2,120, with early accumulation signals suggesting the "Smart Money" is stepping in to flip the script.
📊 Technical Breakdown:
Support Defense: The $2,120 zone has emerged as a high-conviction demand floor. The price is currently carving out a "Higher Low" structure, which is a textbook precursor to a trend reversal.
Momentum Shift: After the recent flush, the selling pressure has officially exhausted. We are seeing early buyer reaction on the 1H/4H timeframes, indicating that a relief rally toward the $2,200+ liquidity zones is currently loading.
Structural Pivot: As long as we stay above the $2,085 structural support, the bullish thesis for a continuation remains intact. If we flip $2,175 into support, expect a fast acceleration.
📊 THE TRADE SETUP (LONG)
Entry Zone: $2,120 – $2,140 (Buying the early reversal)
Stop Loss (SL): $2,085 (Strict invalidation below the floor)
🎯 TAKE PROFIT TARGETS:
TP1: $2,175 (Initial Resistance)
TP2: $2,220 (Mid-Range Supply)
TP3: $2,280 (Macro Reversal Target)
🔥 Pro-Trader Insight: WBETH is currently in a high-reward "accumulation" phase. Are you catching this early reversal at the floor, or waiting for a confirmed breakout above $2,175?
Buy and Trade
$WBETH here 👇
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