$WIF /USDT Technical Analysis Report
Current Price: $2.288
Resistance: $2.779
Support: $2.250
Breakout Possibilities:
Long Trade:
- Entry Point:Enter above $2.779 with a confirmed breakout. A confirmed breakout means a candle closes above the resistance level, indicating strong buying pressure.
- Details:Look for an increase in volume to validate the breakout. If the price closes above $2.779 and the volume is higher than average, it suggests a bullish trend. Set a stop loss just below the resistance level to manage risk.
Short Trade:
- Entry Point:Enter below $2.250 with a confirmed breakdown. A confirmed breakdown means a candle closes below the support level, indicating strong selling pressure.
- Details:Monitor the volume to ensure it supports the downward movement. If the price closes below $2.250 and the volume is higher than usual, it indicates a bearish trend. Set a stop loss just above the support level to minimize potential losses.
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