🚨 WIF/USDT Price Action Alert! 🚨

Navigating the choppy waters of WIF/USDT can be daunting, but let's break down the current scenario for better understanding and strategic positioning.

📉 Current Resistance Level: Price is currently below the significant resistance at $3.5-3.6. A break above this could lead to a test of the $4 mark.

📊 Key Zones to Watch:

Upside Potential: If WIF breaks above the current resistance, expect the next stop at the pmVAH around $3.6061. Surpassing this can push towards the $4.0 - $4.2 macro resistance zone.

Downside Risks: Currently, the price is showing a bearish hint with potential to drop to the $2.8 - $2.5 support zone if the downtrend continues.

📈 Technical Indicators:

Relative Strength Index (RSI): The RSI is above 50 but showing a downturn, indicating potential weakening momentum.

Price Momentum:

Below $3.6061 pmVAH, indicating bearish pressure.

If the price sustains above the Mid $3.2623, there could be a slight bullish bias.

🧐 Market Sentiment: The market appears cautious, which might affect the bullish continuation to higher resistance levels.

👀 Keep a close eye on the $3.6061 for significant price movements. Adjust your trading strategies accordingly and stay prepared for both bullish and bearish scenarios.

💬 What are your thoughts on WIF's current position? Think it will break higher or are we in for a dip? Drop your comments below!

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