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MinoTari WXTM USDT trading idea for long term
The price is now near 0.00524. On the 4 hour chart the upper range is 0.005742 and the lower range is 0.00476. The mid range is 0.005251. Price is holding near mid level but under small pressure. The past move showed a break of structure to the downside with a strong sell off. After that a small recovery came but the move lost strength. Volume on the recovery is not enough to break higher zones. This shows sellers still control.
For trading the key zone to watch is 0.00476. If price falls below and closes there in the 4 hour frame we can expect more downside toward 0.00450 and 0.00420. Buyers may defend the weak low near 0.00500 but pressure is still on. For upside the first test is 0.005742. If a clear close happens above this level with volume it can target 0.00600 then 0.00650 where strong supply is waiting.
The strategy for short term traders is to wait for a breakout of this range. If the breakout is down then follow with short positions toward next support. If breakout is up with strong volume then buy toward the higher targets. Do not enter in the middle of the range because risk is higher.
Long term view is bearish until price can close above 0.00600 on the 4 hour frame. The market shows lower highs and lower lows. This is still a down trend. Any bounce without breaking 0.00600 is only a pullback. If 0.00476 breaks then long term price can move to 0.00400 or lower. That would give better buy entries for investors.
For bullish long term change the market must break the strong supply levels and hold above them. This means 0.00650 break and hold. That can open 0.00720 and 0.00800 in months ahead.
For risk management use stops just outside the range break to avoid false moves. Position size should be small near support or resistance until the breakout confirms.
In summary this chart is neutral to bearish now. Best strategy is wait for clear 4 hour close outside of 0.00476 to 0.005742 range. Long term investors can plan buy only after 0.00600 break. Sellers still have the advantage in current structure. Patience is key because false breaks can happen before the big move.