🚨 $WIF /USDT Analysis: Major Support Test Underway! 🚨
$WIF /USDT is currently trading at $1.151, down -1.20% for the day. The price is consolidating after a sharp pullback, with key levels acting as a potential pivot for the next move.
Key Levels to Watch:
Resistance: $1.190 – A breakout above this level may ignite bullish momentum.
Support: $1.110 – This critical zone needs to hold to prevent further downside.
Trade Setup:
Bullish Scenario:
Entry: Above $1.160.
Targets: $1.190, $1.220, $1.250.
Stop Loss: $1.110.
Bearish Scenario:
Entry: Below $1.110.
Targets: $1.080, $1.050, $1.020.
Stop Loss: $1.160.
Technical Insights:
RSI: 43.88 – Reflects neutral momentum, leaning slightly bearish.
MACD: Showing early signs of recovery but still at low momentum levels.
Market Insight:
WIF is in a consolidation phase, with volume decreasing. A breakout above $1.190 could bring renewed buying interest, while a breach of $1.110 might trigger further declines.
Trade cautiously and monitor the key levels closely for confirmation!