$WIF $WIF
WIF/USDT: Bullish Momentum Gains Traction, Potential for Further Upside
The WIF/USDT chart is currently displaying a bullish trend. The price has broken above the key resistance level of $3.047, suggesting that a further upward movement is likely. The 24-hour high of $3.294 and the 24-hour low of $2.817 indicate a healthy price range and active trading.
Key Support and Resistance:
* Resistance: The immediate resistance level is now around $3.294, where the price met strong selling pressure previously.
* Support: The broken resistance level of $3.047 could now act as a strong support level.
Entry Strategy:
For cautious traders, waiting for a slight pullback to the $3.047 support level could offer a low-risk entry point to go long on WIF. This would allow traders to capitalize on further potential upside. However, for more aggressive traders, a direct entry at the current price could be considered, with a stop-loss placed below the recent low.
If the bullish momentum persists, WIF could potentially reach new highs. However, it's important to monitor market developments closely, as the price action could shift rapidly. Stay tuned for further updates!
