$WIF Market Update

Long Liquidation: $101K at $2.117

A large liquidation indicates strong selling pressure, suggesting the potential for further declines.

Buy Zone

Entry Range: $2.05 to $2.12

Wait for price to stabilize or show signs of bullish reversal in this zone.

Target Levels

1. First Target (T1): $2.30 (Short-term bounce if the trend shifts)

2. Second Target (T2): $2.50 (Stronger upward movement if momentum continues)

Stop Loss

Stop Loss: $1.95

Set this to limit risk in case of further downside.

Key Observations

Volume: A high liquidation volume of $101K suggests strong market pressure.

Trend Confirmation: A close above $2.20 could indicate a bullish reversal.

Sentiment: Watch for news or any events that could change the trend, especially related to $WIF .

Risk-Reward Plan

Stick to a 1:2 risk-reward ratio to manage risk effectively.

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