#Wcoin Based on the 1-hour WUSDT perpetual chart you shared, I would not chase a new long at this exact price.
Here's why:
Bullish signs:
✅ Price is above the MA(7), MA(25), and MA(99), which is generally bullish.
✅ MACD is still positive, although momentum is slowing.
✅ RSI(6) is around 64, showing strength but getting close to overbought.
✅ The recent candles show higher highs and higher lows.
Reasons to avoid entering long now:
⚠️ Price is approaching the recent resistance around 0.01000–0.01012.
⚠️ Several green candles have already printed, so the risk-to-reward for a fresh long is not ideal.
⚠️ MACD histogram is shrinking, suggesting bullish momentum is weakening.
My view
Long: Wait for either:
a pullback toward 0.00980–0.00985 with bullish confirmation, or
a strong breakout and close above 0.01012 with increased volume.
Short: I also wouldn't short yet because the overall 1-hour trend is still bullish. A short becomes more attractive only if price fails around 0.01010–0.01012 and starts printing bearish candles with increasing selling volume.
Right now
Long: 6/10 (only after a better entry)
Short: 4/10
Best action: Wait for confirmation rather than entering immediately.
If you're trading 5x, 10x, or 20x leverage, let me know. The ideal entry, stop-loss, and take-profit levels differ significantly with leverage.