🚀 $WIF /USDT Technical Analysis: Potential Targets Ahead!
📊 Current Price: $1.875
📉 24h Change: -13.15%
After a sharp decline to $1.843, WIF is showing signs of potential recovery. Here's our technical analysis with key levels and targets:
🎯 Targets:
1️⃣ First Target: $2.00
A psychological resistance level. If volume increases, expect a quick breakout.
2️⃣ Second Target: $2.20
Aligns with the 24-hour high. Strong selling pressure may appear here, but breaking it could signal bullish momentum.
3️⃣ Third Target: $2.50
Key resistance zone with heavy liquidity. Achieving this level could confirm a trend reversal.
Indicators to Watch:
RSI: Oversold, suggesting a possible bounce.
MACD: A bullish crossover is forming on the 1-hour chart.
Volume: Increased activity at $1.87 suggests accumulation.
💡 Trading Strategy:
Entry: Between $1.85-$1.90 for a low-risk setup.
Stop Loss: $1.80 (to minimize downside risk).
Take Profit: Scale out at each target.
Stay cautious, and always use proper risk management. Let's see if WIF can reclaim its bullish trajectory! 🚀
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