🔎 WIF Market Watch: Here's the 5 Key Things to Watch

In the current market, WIF is finding a delicate balance. As traders, we need to monitor several crucial levels and indicators that will dictate the short-term direction of this pair. Here are the five key aspects to keep an eye on:

Sturdy Support: WIF is currently holding support at the Monthly VAH around $3.03.

Resistance Hurdle: A clear struggle is visible as WIF attempts to surpass the resistance near $3.38.

Bearish Signals: Should we see a rejection at this resistance, the focus shifts to the Weekly VAL at $2.87 for potential support.

Critical Low: A break below could induce a test of the fragile low at $2.67, a crucial juncture for bears.

Indicator Insights: The RSI trend is showing signs of a slowdown, suggesting that a period of consolidation or a downside correction could be imminent.

🤔 What’s your move in this scenario?

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