Price: 108526.64 | EMA7: 108698.04 | EMA25: 108889.43 | RSI14: 34.04 | Resistance: 109617.1 | Support: 108337.11 | Average Volume: 0.55 | Volume Trend: Decreasing
Based on the 15m technical analysis of WBTCUSDT, here are some observations:
**Market Status:** The market is likely in a bearish trend, supported by the declining MACD and RSI below 50.
**Key Levels:**
- **Resistance**: 109617.1 (watch for long entries when the price approaches this level)
- **Support**: 108337.11 (watch for short entries when the price reaches this level)
**Entry Strategies:**
- **Long:** Consider a long entry at 108650 (EMA25 support + slight pullback) with a target of 109150 (midpoint between EMA7 and EMA25).
- **Short:** Consider a short entry at 108400 ( slight bounce off support) with a target of 108050 (price test below EMA25).
**Spot Buy Price:** Given the current declining trend and volume, I would advise against buying WBTCUSDT at the current price. Instead, wait for a pullback or bounce-off support to a more favorable entry point.
**Disclaimer:** This analysis is for educational purposes only and should not be considered as investment advice. Traders should always prioritize their risk management and conduct their own research before making trades.