$WIF WIF/USDT, hereās an analysis and a suggested strategy for lentry price:
Current Market Snapshot:
ā¢ Current Price: $2.694 (down 2.43% today)
ā¢ 24H High: $2.836
ā¢ 24H Low: $2.670
ā¢ Recent Trend:
ā¢ The price has faced a pullback from a recent high of $3.639.
ā¢ Price is approaching key support zones, suggesting a potential buying opportunity.
Key Observations:
1. Moving Averages (MA):
ā¢ MA(7): $3.150 (Price is currently below this, indicating short-term bearish sentiment).
ā¢ MA(25): $2.852 (Price remains below this as well, showing weakness but approaching potential reversal).
2. Support Zone:
ā¢ Immediate support around $2.60ā$2.65, close to the 24H low ($2.670).
ā¢ If price holds this level, it could signal a potential bounce.
3. MACD Indicator:
ā¢ The MACD line is slightly negative (-0.061), showing downward pressure.
ā¢ However, the DIF (0.206) and DEA (0.267) are still close, which could indicate a near-term consolidation phase.
4. Volume Analysis:
ā¢ Recent volume remains moderate but lower compared to the surge during the highs, suggesting less aggressive selling pressure.
Suggested Entry Price:
ā¢ Primary Buy Zone: $2.60ā$2.65
ā¢ This aligns with the current support and provides a safe entry for a potential rebound.
ā¢ Secondary Buy Zone (Riskier): $2.50ā$2.55
ā¢ If the price breaks below $2.60, this zone becomes a stronger support level.
Short-Term Target (Sell Price):
ā¢ Take-Profit Zone: $2.90ā$3.10
ā¢ This range aligns with resistance at the MA(25) and MA(7) levels, providing a realistic profit target.
Stop-Loss:
ā¢ Set a stop-loss at $2.45, as a break below this could indicate further downside toward $2.26 or lower.
Summary Strategy:
1. Buy Zone: $2.60ā$2.65
2. Sell Zone: $2.90ā$3.10
3. Stop-Loss: $2.45
This strategy balances potential upside gains while minimizing risk. Let me know if youād like more clarification or further updates!
#wif #Wificoin