$WIF A short liquidation occurs when traders betting on the price going down are forced to exit their positions as the price moves up.

The liquidation price $1.97402 suggests that is experiencing strong buying pressure.

What’s Next for $WIF:

The price momentum and short liquidation indicate a possible bullish trend ahead, but let’s analyze potential zones:

Buy Zone (Entry Point).

$1.90 – $1.94

If the price dips slightly due to profit-booking, this range is ideal to enter.

Target Levels

Target 1: $2.05

Target 2: $2.15

Target 3: $2.30 (if the bullish momentum is strong)

Stop-loss.

$1.85

Use this as a stop-loss to minimize potential losses if the price reverses.

Strategy Suggestions:

1. Wait for Retracement: If $WIF is currently above $1.97402, wait for a pullback near the buy zone before entering.

2. Set Alerts: Monitor price movements near key levels to act quickly.

3. Watch the Volume: Increased trading volume confirms the strength of the trend.

Key Indicators to Monitor:

RSI (Relative Strength Index): If RSI > 70, the asset may be overbought if < 30, it’s oversold.

Moving Averages: Watch for crossovers between short-term (e.g., 10-day) and long-term (e.g., 50-day) moving averages.

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