🔥🔥 Trade Analysis 32: $WIF - Buy the Dip or Run for Cover?

WIF has experienced a downward trend, declining from its recent peak of $2.894 to form a lower high at $2.70 within the past ten days. This bearish pattern indicates a potential continuation of the price decline.

For those holding a long-term bullish perspective on WIF, the $1.70 and $1.50 levels could serve as crucial support points. A bounce back is possible if the price finds support at either of these levels.

Conversely, if the price breaches both the $1.70 and $1.50 support levels, it could signal a more significant downtrend, potentially leading to a price target of $1.00.

As always, exercise caution when trading.

Trade Smarter! Peace Out ;)

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