WIF welcomes a key rebound! Targeting $3.30, a bullish trend is expected!
1. Market Analysis
Current WIF price: $3.123, intraday high $3.290, low $2.920. WIF recently found support around $2.90 and is currently making an attempt towards $3.10. If it breaks through the resistance level of $3.30, the price may rise rapidly in the short term, with a target of $3.50.
2. Technical Analysis
Support levels:
$3.00: If the price retraces to this level, strong support is expected. $2.90: This is a strong support area; if it breaks below this level, the market may further retrace to $2.80. $2.80: If the price continues down to this point, bearish pressure may increase, raising the likelihood of further declines.
Resistance levels:
$3.30: After breaking this level, WIF is expected to continue rising, aiming for $3.50. $3.50: If it rises after breaking $3.30, $3.50 will be the next key resistance level, and breaking through it may trigger a larger surge. $3.80: If the price breaks through $3.50, the target can be $3.80 or even higher.
3. Short-term Contract Strategy
Long Strategy:
Entry point: $3.12 Stop-loss: $2.90 Take-profit: $3.50
If it continues to rise after breaking $3.30, one can continue to go long, targeting $3.50.
Short Strategy:
Entry point: $3.80 Stop-loss: $3.90 Take-profit: $3.30
If the price fails to break through $3.30 and pulls back, consider going short near $3.50, targeting the $3.30 support level.
If WIF breaks through $3.30 and continues to rise, it may target $3.50 in the short term! If the price falls below $2.90, bears may dominate the market, and the price could retrace to $2.80.
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