$WIF Technical Analysis:
WIF has experienced significant short liquidations at $2.279, indicating strong bullish momentum and potential for further gains. The price is holding above a critical support zone between $2.25 and $2.30, where buying interest could continue to drive the price higher. If this support level holds, WIF could target resistance around $2.40 and $2.50. A breakout above $2.50 would signal strong bullish continuation, potentially pushing the price towards $2.60.
For traders:
Range Trading: Enter near support at $2.25 to $2.30 with a stop-loss below $2.20, targeting resistance around $2.40.
Breakout Trading: A sustained move above $2.50 could confirm further bullish momentum.
Keep an eye on key levels, as failure to hold support could lead to a pullback towards $2.20. Volatility is high, making careful monitoring crucial.