$WBETH USDT Update š·š
ā¢ Market Overview š§
WBETH is trading around 3358 after a prolonged downtrend. Overall structure still looks weak, but price is trying to stabilize.
ā¢ Price Action š
Strong selling pressure dominated from the 5K area, leading to a steady decline. Recent candles show slower momentum, indicating sellers may be losing strength.
ā¢ Trend Structure š
Lower highs and lower lows remain intact on the daily timeframe. Trend is still bearish until key resistance levels are reclaimed.
ā¢ Support Zone š¢
3300 to 3200 is the main demand area. Price is currently hovering just above this zone, making it a critical level to watch.
ā¢ Resistance Zone š“
3600 to 3800 is the first resistance. Major resistance sits near 4000 where price previously broke down.
ā¢ Liquidity View š§
Sell-side liquidity below 3200 is still untouched. Buy-side liquidity is resting above 3800 and again near 4000.
ā¢ Possible Scenarios š®
If price holds above 3300, a relief bounce toward 3600ā3800 is possible.
If support fails, a deeper sweep toward 3200 or lower cannot be ignored.
ā¢ Friendly Reminder š
WBETH is in a higher timeframe correction. Patience and confirmation matter more than entries right now.
