🔴📉$WBTC
BEARISH SETUP: DOWNSIDE PRESSURE INTENSIFIES
$WBTC is showing bearish momentum after failing to hold above the 87,500–92,500 resistance zone. Price action on the 1H and 4H charts indicates lower highs forming, signaling potential continuation of the downtrend. A decisive break below the immediate support at 86,323 could accelerate selling toward key support levels. Technical indicators confirm bearish bias with weakening buying strength.
Entry: Short below 86,323
Targets (TP):
TP1: 85,000
TP2: 84,000
TP3: 83,000
Stop Loss (SL): 87,500
Key Levels:
Resistance: 87,500 / 92,500 / 95,000
Support: 86,323 / 85,000 / 84,000
Pro Tip: Consider partial exits at TP1 to secure profits while letting the remainder target deeper support.
Risk Management: Risk 1–2% of trading capital per trade; adjust SL if volatility spikes.