🔥🔥 Trade Analysis 62: $WIF is Back!!!
After one month of extended consolidation, WIF finally started moving, rising above $2.0. Will the price continue rising, or is it just a bull trap? Here are some key points to watch for:

[LIKE & FOLLOW me now. Your Wallet will Thanks you later 😎💰🚀]

1. Breakout Above $2.0 Resistance:
A high-volume breakout above the $2.0 resistance level is a bullish sign, indicating that buyers are returning and confidence in WIF is high.

2. Strong Support at $1.30:
WIF is currently retracing slightly, trading at $1.96. If the price loses momentum and starts to drop, it might seek support at $1.30, a strong support level that has held during previous dips.
If the price can create a higher low above the $1.30 level, it presents a good opportunity to buy WIF at a discounted price.
Set a stop loss slightly below $1.30 to exit the trade if the price goes south.

3. Resistance Ahead at $2.70 and $2.90:
If the price continues to rise strongly and closes today's 1D candle above $2.0, there's a high probability that it will continue rising.
For short-term profits, consider taking profits near $2.70 and/or $2.90.

4. Overall Bullish Reversal:
WIF has been dropping for four months since May 30th. This rise is a strong bullish reversal signal, but the bullish momentum is not yet stable.
There's a possibility of a sharp reversal and continued downward movement, hence setting a stop loss is crucial in the current scenario.
I will continue tracking WIF and update you on any changes.

That's it for today $WIF Trade Analysis. I hope this analysis help you make smarter trade decision.

Trade Smarter! Peace Out ;)

#wifhatdog #WIFUSDT #WIF_Usdt #USRetailSalesRise #BTCReboundsAfterFOMC