Technical Analysis: $WIF /USDT

#### Current Price and Performance

- **Price**: 2.4766 USDT

- **24h Change**: +0.72%

- **24h High**: 2.4786 USDT

- **24h Low**: 2.0951 USDT

- **24h Volume (WIF)**: 97.16M

- **24h Volume (USDT)**: 220.38M

#### Recent Trends

- **15 Days**: +15.76%

- **30 Days**: +49.80%

- **90 Days**: +1.65%

- **180 Days**: -3.56%

#### Order Book Analysis

- **Bid/Ask Spread**: Very narrow at 0.0001 USDT, indicating high liquidity and tight trading ranges.

- **Bid Depth**: Strong support with substantial buy orders around the current price.

- **Ask Depth**: Comparable sell orders suggesting balanced trading activity.

#### Technical Indicators (4h Chart)

1. **Support and Resistance Levels**:

- **Immediate Support**: 2.4000 USDT

- **Immediate Resistance**: 2.6000 USDT

- **Strong Resistance**: 2.8000 USDT

2. **Price Action**:

- The price is currently trading near the upper range of its recent high, indicating bullish momentum.

- Recent price movement shows consistent higher lows, a sign of an uptrend.

3. **Volume**:

- High trading volumes in both WIF and USDT suggest strong market participation and interest.

4. **Trend Indicators**:

- **Moving Averages**: If the price is above the 50-period and 200-period moving averages, it confirms a bullish trend.

- **RSI (Relative Strength Index)**: If RSI is below 70, there’s still room for upward movement before hitting overbought conditions.

#### Conclusion

Given the current price movement, significant trading volume, and strong support levels, WIF/USDT shows a bullish trend. Beginners and learners can consider the following strategy:

1. **Entry Point**: Around the current price of 2.4766 USDT, as it is close to the immediate support level of 2.4000 USDT.

2. **Target Price**: First target at 2.6000 USDT, with a stretch target of 2.8000 USDT.

3. **Stop Loss**: Set a stop loss slightly below the immediate support, around 2.3500 USDT, to manage risk.

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