I haven't paid attention to this volatile currency for a long time, so I will briefly analyze it in the short term. At present, WIF is in a box-shaped oscillation state as a whole, and it is showing a sideways trend in the short term. It is at a node where long and short positions are in fierce competition, but it still maintains an upward trend, and the price is expected to continue to rise in the future. The following points can be used as reference for the next operation:
Long:
3.32 - 3.40 (This is the lower edge of the oscillation range, at the Fibonacci 50% position, which is the conversion point of support and resistance. After three verifications of support and pressure, it is a very effective point)
3.00 - 3.10 (located at the large Fibonacci 618 position, it is a reliable support level and an effective point)
Short:
3.93 - 4.00 (This is the support and resistance conversion point at the upper edge of the oscillation range. It has also been verified by three times of support and pressure and is an effective operation point)
4.27 - 4.35 (It is a pressure point and an effective operation point)
The next step is to wait for the price trend and find the right time to enter the market.
Many people may wonder why they don’t just tell a certain point for operation.
Here I want to say that the market situation is unpredictable. If Bitcoin suddenly plummets or pulls up sharply, altcoins will often follow suit. In this case, I will definitely adjust my trading strategy.
But if I am not with you, how can I tell you in time? So I will analyze as comprehensively as possible, and the rest depends on the investors themselves.
If you can't even wait patiently for opportunities, then I can only think that this market may not be suitable for you.
