WRXUSDT Trading Opportunity

WRXUSDT has undergone a significant correction after reaching an all-time high in April 2021 with price tested $6.66, but we believe that the correction is almost coming to an end. There is a trendline on the chart that has historically acted as strong support and we believe will hold again.

As shown on the chart, we have identified a demand zone towards this trendline, which could serve as a potential accumulation zone. The zone has historically acted as very strong support in the past, making it an important level to watch.

We recommend placing a stop loss below the major important trendline to limit potential losses in case of a sudden drop in price. The stop loss level is also shown on the chart for reference.

Our targets for this trade are shown on the chart and indicate a potential increase in price from current levels. As always, proper risk management is advised.

Please note that this analysis is not financial advice, and you should always perform your own research and risk assessment before entering any trade.