OUR PREVIOUS ANALYSIS OF $WIF HAS COME INTO FRUITION SOONER THAN EXPECTED!
Previous Analysis:
BUY OPPORTUNITIES NOW AS $WIF HAS NOT BROKEN ITS NECKLINE AT 1.072-1.387!
WIF has maintained a strong hold on the price range of 1.072-1.387, and there are currently no indications of a definite breakdown from this range. In light of this, we seized the chance to keep profiting from its brief market fluctuations over the shorter duration. Our overall gain from its gains is 34.43% because this support has held these critical levels firmly. Considering that we took a 5.9 and 2.35 risk-reward ratio with this token, this is already a very profitable yield. Given the high price of last July and the low price of last August, a pullback to just below these three months' 75% (above the average price) at 2.219 may be possible. We'll keep an eye on this coin for the time being to see if it sticks to its goal of making this kind of retracement progress. However, the market also uses this strategy to keep the balance between buyers and sellers. Even though the cryptocurrency market is notoriously volatile, the overall balance of the system's structure must be preserved.
Right now, if you observe the current market situation of WIF. You can identify that what we've mentioned with our previous analysis is true. Stating the facts on how possible the retracements toward the high is possible. As well as the possibility for its rejection or correction before doing another huge movement.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
