$WIF : Long Liquidation Opens New Opportunities!
đ $7.5707K in longs liquidated at $2.0427, indicating that bullish momentum is struggling. This could be a chance to prepare for a potential rebound or further downside.
Key Levels to Watch
Support Zone: $2.00 - $2.05 (critical area to hold).
Resistance Zone: $2.20 - $2.25 (key breakout level).
Potential Targets After Recovery:
1. $2.15 (short-term).
2. $2.35 (medium-term).
3. $2.50 (long-term).
Trading Plan for $WIF
Buy Zone
Dip Entry: $2.00 - $2.05 (if support holds).
Breakout Entry: Add positions above $2.20 after confirmation.
Targets
1. Target 1: $2.15
2. Target 2: $2.35
3. Target 3: $2.50
Stop Loss
Stop Loss Level: $1.95 (below support to minimize risk).
Whatâs Next?
1. Bullish Scenario:
If WIF stabilizes above $2.05 and breaks $2.20, a recovery rally could take it toward $2.15 and beyond.
2. Bearish Scenario:
If price drops below $1.95, it may signal further downsideâavoid entering at this level.
đĄ Tips:
Stay Patient: Wait for confirmation before entering a position.
Manage Risk: Always use a tight stop loss to protect your capital.
WIF is at a critical pointâPrepare for the next move! đŻ