$WIF /USDT Chart Analysis
Market Overview:
Current Price: $1.747 (-7.27%)
24H Range:
High: $1.887
Low: $1.658
Trend: Bearish with minor recovery seen in the last few candles.
Price Structure:
1. Downtrend Movement:
A steep decline followed by sideways consolidation.
Immediate support formed near $1.65 (recent low).
2. Resistance Levels:
$1.80–$1.88 (previous price rejection area).
3. Current Action:
A slight rebound from $1.65 support, indicating potential buying interest.
Trading Plan:
Entry Range: $1.70–$1.75 (current range).
Target 1: $1.80 (short-term recovery).
Target 2: $1.88 (stronger resistance zone).
Stop Loss: $1.65 (below recent low).
Outlook:
Recovery is possible but limited unless $1.80 is cleared with volume.
Consolidation likely if the price holds above $1.70.
Watch for volume spikes for confirmation of any trend reversal.
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