🚨 WIF: Critical Support Test - Brace for Potential Breakout!
WIF is approaching a crucial juncture, testing key support levels. Here's what traders need to know:
📉 Price Action: WIF has experienced a sharp decline from its swing high of $2.895
🔑 Key Support: Currently testing the $2.404 level, a critical support zone
📊 Volume Profile: vWAP at $2.394 suggests strong historical interest at this price
🔮 Potential Scenarios:
Bounce: A rebound from current levels could target $2.550 (dVAH)
Breakdown: Failure to hold support might lead to a drop towards $2.045
📈 RSI: Oversold conditions at 39.87, hinting at possible bullish divergence
⚠️ Risk Management: Set tight stop-losses below $2.3 for long positions
🔥 Don't miss this pivotal moment! Like, comment, and share your thoughts on WIF's next move. Tip if this analysis helped your trading strategy!
