WIF/USDT Quick Analysis: Accumulation and Preparation for Explosion

The WIF/USDT pair has increased by 26.83% in 24 hours, currently trading around 4.070 USDT. After a strong increase to the peak of 4.830, the price is consolidating in a narrow range between 4.192 and 3.454, indicating preparation for a new round of volatility.

Accumulation and Trading Strategy:

• If the price breaks out of the accumulation zone above 4.192 with high volume, this could be a signal for a further breakout. At this point, a long position can be considered, with the target aimed at higher levels.

On the contrary, if the price falls below 3.454, this could be a reversal sign, and a short position can be opened to take advantage of the correction.

Note:

Keep a close eye on the trading volume and important support and resistance levels in the accumulation zone.