$WIF Long Liquidation Alert! 💥🚨
A major $15,608 long liquidation just hit the WIF market at $1.84624, shaking out leveraged positions. The question now is: will buyers step in for a strong comeback, or will the bears drag it lower? Let’s create a game plan for the next move!
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$WIF Trading Plan
Buy Zone
Focus on entries between $1.80 - $1.85. This support range could attract buyers looking for a recovery.
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Targets
1. Target 1: $1.90 (Quick bounce level)
2. Target 2: $2.00 (Key resistance zone)
3. Target 3: $2.15 (Major profit-taking level)
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Stop Loss
Set a stop loss at $1.75 to protect against further downside.
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Why This Matters
Long liquidations like this often clear out weak hands, paving the way for a potential price rebound.
Watch for bullish signals like a surge in trading volume or reversal candlestick patterns.
If $WIF gains momentum, it could test higher levels quickly due to reduced resistance from liquidated positions.
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Pro Tip: Always stick to your trading plan. Stay disciplined, follow your targets, and use proper risk management!
(Disclaimer: This is not financial advice. Always do your own research before trading or investing.)
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