$WIF

WIF Weak Fluctuation, $1.94 Becomes Key Support Point

Market Analysis

WIF is currently priced at $1.974, down 0.95% for the day. The short-term trend remains under pressure, with the MA(7) moving average unable to break through, and the MACD momentum bars indicating bearish dominance. However, the support at $1.94 is relatively strong, and we need to pay attention to whether this area can form an effective rebound.

Key Levels

• Support Levels: $1.94, $1.72

• Resistance Levels: $2.08, $2.40

Trading Strategy

1. Bullish Strategy: If the price stabilizes at $1.94, consider entering long positions with light positions, targeting $2.08. After breaking through, look for $2.40, with a stop loss set at $1.92.

2. Bearish Strategy: If it breaks below $1.94, consider following short positions, targeting $1.72, with a stop loss set at $1.98.

Trend Outlook

In the short term, WIF maintains a fluctuating bearish pattern, but the strength of the support at $1.94 will be key to the subsequent trend. There is a possibility of a rebound, but overall, we still need to be cautious of bearish pressure.

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