$WIF still banging, strong bullish moment is here. It even chased 4.2 but this level is too big of a deal for now, stopped 4.08 and retreated. Importantly, the psychological 4 was passed.
From here on there are 4 points of interest for me. 3.60 for downtrend that has potential to make support. 4.00 naturally as a round number. 4.08 as the recent high that will be retested for sure. 4.20 since it wasn’t broken before a few months and that lead to a strong short-term downtrend.
3.60 can easily be penetrated if going down. WIF hasn’t spend much time above that level so it can be easily penetrated and even retests to 3.10-3.20 are possible if there is bearish momentum, which is not the case right now. At any rate, 3.60 is a sticky level.
Honestly, I didn’t think that #wif will go above 4 to even test 4.08. The bullish momentum is stronger than I thought but keep in mind that may be a bear trap if you are too confident. At any rate SR zones are getting broken as if didn’t exist.
One investment advice I can give you. Be careful with margin leverage on this one cause it may blow you before you know it. The volatility is huge.
Writing from phone when in front of PC will share more info.