đ WIF/USDT - Resilience at Key Levels đ
WIF/USDT is currently trading at $2.3490, showing some resilience after a recent pullback from a high of $2.6426. The asset is navigating through a critical phase, attempting to consolidate gains and determine its next directional move.
đ„ Key Observations:
Bullish OBs: Key supports formed by bullish order blocks at $2.1529 and $2.1568 have recently held up against selling pressure, suggesting a strong buyer presence.
Bearish OB: The resistance level at $2.3367 shows where previous rallies were capped, marking a crucial zone for bulls to overcome.
Current Trend: WIF is attempting to stabilize and recover, showing a mix of bearish and bullish signals as it trades around pivotal levels.
đŻ Long Setup:
đ Entry for Long: A potential entry could be considered around the $2.3000 to $2.3300 area if WIF shows signs of holding these levels with increasing buying volume.
đŻ Take Profit Targets for Long:
1. TP1: $2.3367 â Initial resistance and a short-term target.
2. TP2: $2.4000 â Next significant level if momentum continues.
3. TP3: $2.5000 â Extended target near the recent high.
đĄïž Stop Loss for Long: Set a stop loss around $2.1500, just below the recent bullish order blocks to minimize potential downside risk.
đ Short Setup (If Rejection at Resistance):
đ Entry for Short: Consider shorting around $2.3300 if WIF faces a clear rejection at this level with bearish indicators, such as increased selling volume or bearish candlestick patterns.
đŻ Take Profit Targets for Short:
1. TP1: $2.2500 â Pullback target near mid-range support.
2. TP2: $2.2000 â Lower target if downward momentum increases.
3. TP3: $2.1500 â Support zone that may serve as a deeper pullback target.
đĄïž Stop Loss for Short: Place a stop loss just above $2.3500 to cap potential losses should the price unexpectedly rally.