$WIF

WIF/USDT, here’s an analysis and a suggested strategy for lentry price:

Current Market Snapshot:

• Current Price: $2.694 (down 2.43% today)

• 24H High: $2.836

• 24H Low: $2.670

• Recent Trend:

• The price has faced a pullback from a recent high of $3.639.

• Price is approaching key support zones, suggesting a potential buying opportunity.

Key Observations:

1. Moving Averages (MA):

• MA(7): $3.150 (Price is currently below this, indicating short-term bearish sentiment).

• MA(25): $2.852 (Price remains below this as well, showing weakness but approaching potential reversal).

2. Support Zone:

• Immediate support around $2.60–$2.65, close to the 24H low ($2.670).

• If price holds this level, it could signal a potential bounce.

3. MACD Indicator:

• The MACD line is slightly negative (-0.061), showing downward pressure.

• However, the DIF (0.206) and DEA (0.267) are still close, which could indicate a near-term consolidation phase.

4. Volume Analysis:

• Recent volume remains moderate but lower compared to the surge during the highs, suggesting less aggressive selling pressure.

Suggested Entry Price:

• Primary Buy Zone: $2.60–$2.65

• This aligns with the current support and provides a safe entry for a potential rebound.

• Secondary Buy Zone (Riskier): $2.50–$2.55

• If the price breaks below $2.60, this zone becomes a stronger support level.

Short-Term Target (Sell Price):

• Take-Profit Zone: $2.90–$3.10

• This range aligns with resistance at the MA(25) and MA(7) levels, providing a realistic profit target.

Stop-Loss:

• Set a stop-loss at $2.45, as a break below this could indicate further downside toward $2.26 or lower.

Summary Strategy:

1. Buy Zone: $2.60–$2.65

2. Sell Zone: $2.90–$3.10

3. Stop-Loss: $2.45

This strategy balances potential upside gains while minimizing risk. Let me know if you’d like more clarification or further updates!#wif #Wificoin