$WIF (touch its when you trade to get better reports )
Based on the WIF/USDT chart, I analyze as follows:
1. Current status:
- Price: $3.299 (+2.68%)
- 24h range: $2.974 - $3.350
- 24h Volume: 73.79M WIF/232.54M USDT
- Meme token - high volatility
2. Technical analysis:
Positive factors:
- Price is recovering after adjustment
- RSI (29.194) is escaping the oversold zone
- MACD shows signs of positive divergence
- Volume increases along with price increase
Factors to note:
- MA(50) is above the current price
- Bollinger Bands are narrowing
- Stochastic RSI is low (22.245)
3. Scenarios:
A. Bullish scenario (55%):
Entry points:
- Zone 1: $3.25-3.30
- Zone 2: $3.20-3.25 (support MA20)
Targets:
1. $3.35 (R1)
2. $3.45 (R2)
3. $3.55 (R3)
Stop loss: $3.00
B. Bearish scenario (30%):
- Break below $3.20
- Target: $3.00-2.97
- Stop loss: $3.35
C. Accumulation scenario (15%):
- Range: $3.20-3.35
- Wait for breakout with volume
4. Trading strategy:
Entry:
- DCA (divide orders) at the $3.25-3.30 range
- Wait for trend confirmation by volume
- Small size due to high risk of meme token
Risk management:
- Maximum size: 1-2% of total capital
- Stop loss: -5% from entry price
- Take profit: Split into 3 orders at targets
5. Points to monitor:
- Volume spikes along with price action
- Break through MA50 ($3.579)
- RSI escaping the oversold zone
- News and sentiment of the meme market
Special notes:
1. Meme token has extremely strong volatility
2. Do not use high leverage
3. Always set tight stop loss
4. Pay attention to market news
5. Be ready to cut losses if the trend reverses
6. Community sentiment greatly affects price