WRXUSDT trade ideas
At SupportPrice is is currently at Support,
Market has been consolidating for a awhile (blue box)
Expecting a strong leg up soon.
Trade Long for a Target at the Resistance line
WRXUSDT- 4.5 is my targetAfter breaking above the descending trend line, Wrx has confirmed the correction is over and is ready for a new leg up
Last week the coin was consolidating and now we have a clear resistance at 2.9
A break here can be the buy signal and my target is the next important resistance at 4.5 zone
#wrx#wrxusdt
Working inside of the descending channel, trying long on a confirmed retraced off of the support.
TWO CASES for WRXIf it doesn't break out from the falling wedge, expect the price to go down further back to 1.8-2 level especially since BTC is currently in bearish sentiments.
However, if it regains bullish momentum, expect it to go back to 4$ level.
For pump, it might go back to test the current all time-high at 6 - 6.7 level.
WRXUSDT - 4 HWRX in possible giant falling wedge, if this wedge break bull it will have a very nice reaction because the length of the pattern.
The only question is if it will first wick in the demand zone again or not..
For every new follower i will add a new idea :)
WRXUSDTGreen Horizontal Line :Target
Whites Lines : current channel
Red Zone :Resistance
Green Zone : Support
UPDATE ONLYBulls remain unfazed by the sudden drop yesterday. Got supported by 2.6-2.8 level and is now at 3.2 level at the time of writing.
WATCH OUT FOR THE movement on the descending channel at the shorter term and take caution on the descending triangle as well for the medium term trend.
TP 1 4-4.6
TP 2 6-6.6
TP3 10
