Hello crypto enthusiasts! Let's analyze the current#WIFsituation and determine possible entry and exit points. 🌐
📊 Technical analysis:
Support Levels:
$1.50: A strong support level from which the price has bounced several times. $1.45: The next important support level that can be tested in the event of a fall.
Resistance levels:
$1.70: The first resistance level, if broken, further growth can be expected. $1.80: A strong resistance level that the price can test during a bullish movement.
Possible entry and exit points:
Entry Point: Consider buying near the $1.50 support level if the price holds at this level. Exit Point: Plan to sell near the $1.70 and $1.80 resistance levels to take profits.
Price movement forecast:
The price is expected to fluctuate between support and resistance levels. If the resistance of $1.70 is broken, an increase to $1.80 and higher is possible. If the price breaks the $1.50 support, the next target is $1.45.
Stop loss:
Set a stop loss just below the $1.48 support level to minimize losses in case of further declines.
Summary:
Entry: $1.50 Exit: $1.70 - $1.80 Stop loss: $1.48
📉 Be careful and manage your risks! Cryptocurrencies can be very volatile. 📈
#Cryptocurrency #wif #MarketAnalysis#Investments#Trading #CryptoAnalysis
🔔 Subscribe so you don’t miss the latest news and analytics on the crypto market! 🔔💰@INVESTIDEAUA