$WIF /USDT Analysis: Rebound Underway
$WIF /USDT is trading at $1.635, recovering from a 12.29% drop. After testing support at $1.568, the price has shown a rebound, eyeing a potential move higher.
Key Levels to Watch:
Support: $1.60 (immediate), $1.56 (critical level for further downside prevention).
Resistance: $1.68 (near-term), $1.74 (next significant hurdle).
Trading Strategy:
For Bulls: Look for entries near $1.60, targeting $1.68 and $1.74. Set a stop-loss below $1.56 to manage risks.
For Bears: Short at $1.68 resistance if rejected, aiming for $1.60 and $1.56. Use a stop-loss above $1.70.
Market Insights:
RSI at 56.76 suggests a balanced momentum. Watch for volume increase to confirm a breakout or rejection at resistance. Keep a close eye on $1.68 for direction clarity!