technical analysis for $WIF /USDT with three target levels and trade momentum:

Current Price: 3.092 USDT

24h High: 3.310 USDT

24h Low: 3.051 USDT

Support & Resistance Levels:

Support Level: 3.051 USDT (recent 24h low)

Resistance Level: 3.310 USDT (24h high)

Trade Setup:

Buy Zone:

Entry Point: 3.051 USDT (support zone). Price has been fluctuating near this level, and it's a potential reversal zone.

Target Levels:

1. Target 1: 3.150 USDT (near the first resistance level, a short-term profit target)

2. Target 2: 3.250 USDT (a key level where price might face more resistance)

3. Target 3: 3.310 USDT (24h high, ideal for a longer-term target)

Stop Loss:

SL: 3.000 USDT (just below the support level to minimize risk)

Trade Momentum:

Current Momentum: Slightly bearish in the short term due to the -4.98% drop in the past 24 hours. However, if the price holds at 3.051 USDT or above, a bullish reversal could be expected, especially if WIF consolidates above the support level.

MACD: Look for a potential MACD crossover (bullish) at lower levels (around 3.051), confirming upward momentum.

RSI: RSI around 30-40 suggests that the asset is nearing oversold conditions, potentially signaling a buying opportunity if it starts rising above 50.

Trade Recommendations:

Short-Term Traders: Look for an entry around 3.051 USDT and aim for a quick trade targeting 3.150 USDT. You can scale out as price hits targets.

Long-Term Traders: Consider holding until 3.310 USDT is hit, with a stop loss at 3.000 USDT to protect against significant drawdowns.

This strategy assumes a cautious approach, with targets aligning with key support and resistance levels. Always consider adjusting targets based on real-time market conditions!

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