🚨 WIF/USDT Analysis - Key Levels to Watch 🚨

📉 Current Price: $1.853 (-3.14%)

The chart shows WIF hovering near its support zone with mixed momentum indicators. Let’s break it down:

🔍 Key Observations:

1️⃣ Support Zone:

• Strong support observed around $1.72-$1.84.

• Multiple retests of this zone signal potential demand from buyers.

2️⃣ Resistance Target:

• Immediate resistance at $2.22 (potential profit-taking level).

3️⃣ Volume Analysis:

• Moderate volume; a spike could confirm the direction.

• Watch for increasing buy volume near support to validate upward momentum.

4️⃣ RSI (14):

• RSI at 48.30 indicates neutral momentum.

• A breakout above 50 could signal bullish strength.

📈 Trade Setup:

Long Entry:

• Enter near $1.88 (support zone).

Stop Loss:

• Set below $1.72 to minimize risk.

Take Profit (TP):

• Primary TP at $2.22 for a clean risk-reward ratio.

⚠️ Risk Management:

• Always use a stop-loss to protect your capital.

• Monitor price action and volume closely for confirmation.

🔑 Strategy: This setup favors a bounce from support for a short-term gain. Patience is key; wait for confirmation before entering!

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