$WIF Token Analysis🐶🔥🚀

◽️ Technical Analysis

1. Key Technical Levels:

• Resistance Levels:

• 2.894

• 3.839

• 4.867

• Support Levels:

• 2.362

• 1.000 (Strong Support Zone)

2. Expected Trend:

• The current price (2.441) is below the key resistance level of 2.894.

• A descending trendline is putting downward pressure on the price.

• It is expected that the price will correct towards the demand zone (FVG) around 2.000 before it starts to rise again.

• Bullish Scenario includes breaking the descending trendline and moving towards the mentioned targets.

3. Momentum Indicators:

• Boom Pro:

• There is a short-term bearish signal, indicating selling pressure.

• A short-term downward movement is expected before a trend reversal.

• Stoch RSI:

• Heading downwards, indicating that bearish momentum may continue in the short term.

◽️ Suggested Strategy:

• Entry at the Support Zone (FVG) between 2.000 and 2.362.

• Upside Targets:

• First target: 2.894

• Second target: 3.839

• Third target: 4.867

• Stop Loss:

• Below the strong support zone at 1.000.

◽️ Conclusion

The price is expected to see a corrective move downwards before rebounding and rising towards the specified targets. It is advisable to closely monitor the technical indicators and enter the trade when the price reaches suitable support levels.

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