WEN/USDT 1D

Dec 5

Exchange Kucoin, Bitget, Kraken, Htx, Mexc, Gate.io


Key Observations:*1. *Current Price: The current price is 0.0001446 USDT.
2. Fibonacci Retracement Levels:
- 0.236: 0.0001580 USDT
- 0.382: 0.0002181 USDT
- 0.618: 0.0002890 USDT
- 0.786: 0.0003467 USDT
- 1.0: 0.0004200 USDT
- 1.618: 0.0006320 USDT
- 2.618: 0.0009749 USDT
- 3.618: 0.0013178 USDT
- 4.236: 0.0015298 USDT

3. Price Targets:
- 0.0002098 (145.92%)
- 0.0013830 (960.36%)

4. Volume: The volume is 10.69 billion.

5. Trend Lines: Trend lines indicate potential price movements and support/resistance levels.

*Analysis:*The chart indicates a detailed technical analysis with Fibonacci retracement levels and price targets. Here's a breakdown:

1. Fibonacci Retracement: The retracement levels suggest potential areas where the price might find support or resistance. These levels can help identify possible entry and exit points for trades.

2. Price Targets: The targets at 0.0002098 USDT (145.92%) and 0.0013830 USDT (960.36%) indicate significant potential gains if the price reaches these levels.

3. Volume Analysis: High trading volume suggests strong market interest and can confirm the validity of price movements. It’s crucial to monitor volume spikes for potential breakouts.

4. Trend Analysis: The trend lines show the general direction of the price movement. If the price breaks above the identified resistance levels, it could indicate a bullish trend.

Potential Strategy:- Entry Point: Consider entering a trade near the current price of 0.0001446 USDT, especially if there’s a confirmation of upward momentum.
- Stop-Loss: Place a stop-loss below the recent low to manage risk.
- Profit Targets: Aim for the Fibonacci extension levels as potential profit targets, particularly 0.0002098 USDT and 0.0013830 USDT.