WIF has significantly corrected, brewing opportunities. Should we dip-buy in the short term or wait and see?
Market Analysis:
WIF has been continuously declining recently, and the downtrend is slowing, but market sentiment remains cautious. There may be opportunities for a rebound due to overselling in the short term, and investors need to pay attention to position management.
Support and Resistance Levels:
• Support Levels: $2.15, $2.00, $1.85
• Resistance Levels: $2.40, $2.60, $2.80
Short-term Trading Strategy:
Long Strategy:
• Entry Point: $2.20
• Add Position Point: $2.10
• Stop Loss Point: $1.80
• Take Profit Targets: $2.40, $2.60, $2.80
Short Strategy:
• Entry Point: $2.40
• Add Position Point: $2.60
• Stop Loss Point: $2.85
• Take Profit Targets: $2.15, $2.00, $1.85
My Prediction:
Bullish. Although the downtrend has not been completely reversed, WIF is severely oversold, and technical indicators suggest that a rebound may be approaching. It is recommended to make light positions near the support levels.
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