$WIF $WIF The $WIF /USDT pair has been on a downtrend over the past few days, with the price currently trading near the $2.389 level. The bearish momentum is evident from the downward sloping Bollinger Bands and the negative MACD.

Support and Resistance

Support: The immediate support level for WIF is around $2.270. A break below this level could lead to further downside, potentially towards the next support at $1.901.

Resistance: The immediate resistance level for WIF is around $2.443. A break above this level could signal a potential reversal of the current trend.

Entry Signal

Based on the current chart pattern, a bearish entry signal can be considered if the following conditions are met:

Break below support: The price breaks below the $2.270 support level with strong volume.

Confirmation: The price retraces back to the $2.270 level and fails to hold as support.

Risk Management

As with any trade, it is important to manage risk. A stop-loss order should be placed above the $2.443 resistance level to limit potential losses.#MicrosoftBitcoinRejection #DogeArmyComeBack #EthereumRally #SOLFutureRise #Write2Earn!