🚀 $WIF /USDT Technical Analysis & Trade Signal: Bearish Momentum or Reversal Ahead? 🎯

Current Price: 1.088 USDT

24h High: 1.276 USDT

24h Low: 1.070 USDT

📉 Technical Breakdown:

WIF/USDT is currently experiencing a downward trend, with a significant -14.40% decline in the last 24 hours. The price has tested 1.070 as a support, but the momentum suggests a possible continuation or a brief rebound.

Key Levels to Watch:

Support: 1.070 USDT

Resistance: 1.276 USDT

📊 Indicators Analysis:

RSI: Suggests potential oversold conditions, but watch for confirmation of a bullish reversal.

MACD: Indicates a bearish trend with a potential crossover.

Moving Averages: Short-term MAs are still below long-term, confirming the downtrend.

📈 Trade Signal & Strategy:

Entry Point:

Wait for a small retracement to 1.090-1.100 for a better entry point.

Stop Loss:

Place your stop loss just below 1.060 for risk management.

Target Levels 🎯:

Target 1: 1.120

Target 2: 1.150

Target 3: 1.200

⚡ Trade Momentum:

Bearish Momentum: The overall trend is leaning bearish. If price breaks below 1.070, look for short opportunities.

Bullish Reversal: A bounce from 1.070 could signal a short-term reversal. Watch for a breakout above 1.100.

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