$WIF Long Liquidation: $62.227K at $1.94674
🚨 Market Breakdown:
Liquidation Type: Long
Liquidation Value: $62,227
Liquidation Price: $1.94674
💹 Market Analysis:
Heavy selling pressure led to a major long liquidation, forcing WIF below critical levels.
Bears are in control, but this dip could present a recovery opportunity if key supports hold.
🔥 Trading Plan:
Entry Point: Look for a buy near $1.950 if the price stabilizes.
Target 1: First resistance at $2.050, offering a potential 5% gain.
Target 2: If momentum builds, aim for $2.150, the next key resistance.
Stop Loss: Place a stop at $1.900 to minimize downside risks.
💥 What to Watch:
Support Zone: $1.920 is the immediate support; a drop below could send WIF to test $1.850.
Breakout Zone: A sustained move above $2.050 could signal a bullish reversal, targeting higher resistance levels.
🔔 Pro Tip:
Monitor the volume closely. High buying volume near $1.950 could indicate recovery,
while low activity may signal continued bearish pressure.
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