WABIBTC Accumulation Phase| Monthly S/R| Daily S/R

Evening Traders,

Today’s analysis – WABIBTC – trading between two key level, hinting a probable accumulation phase.

Points to consider,
- Price Action Rotation
- Daily S/R Support
- Monthly S/R Resistance
- RSI Bullish Control Zone

WABIBTC’s immediate price action is showing signs of rotation, thus accumulation is porbable before an expansion above the Monthly S/R.

The Current Support is the Daily S/R, holding this level is critical for a sustained floor in price action.

The RSI is trading in its bullish control zone, remaining in here will be indicative of strength.

Overall, in my opinion, WABIBTC is a only a valid long above the Monthly S/R with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps

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