Has the WIF low point appeared? What opportunities are hidden in the shock?

Core analysis: Support appears, and the long-short decisive battle is about to begin

Strategy guidance: Key point analysis, layout ideas are fully solved

Market analysis:

WIF is still in the downward channel, but from the K-line performance and trading volume, the market is looking for a stable point. Although the shorts have an advantage, the support position may bring rebound opportunities in the short term. The key is to see whether the buying can continue to increase.

Three support levels and three resistance levels:

• Support levels: 1.75, 1.70, 1.65

• Resistance levels: 1.85, 1.95, 2.00

Short-term trading strategy:

Long:

• Opening point: 1.78

• Adding position: 1.72

• Stop loss point: 1.64

• Take profit target: First target 1.85; Second target 1.95; Third target 2.00

Short:

• Opening point: 1.86

• Adding position: 1.96

• Stop loss point: 2.02

• Take profit target: First target 1.80; Second target 1.75; Third target 1.70

My prediction:

The market may try to rebound in the short term, and tend to deploy a long strategy, focusing on the support performance near 1.75. Once it is held, it may start a rebound.

[I will share the analysis of mainstream and altcoins with you every day. You can click on the coin pair labels in the article to trade. I wish you all make a lot of money! ] $WIF