1. Current Situation
- Price: $1.14 (+25.47% over the last period).
- Volatility: Maximum in 24h — $1.161, minimum — $0.861.
- Volumes: High (178.57 million WIF and 177.24 million USDT), indicating market activity.
- Trend: Strong growth (Meme on growth), but RSI(6) = 84.917 — indicates overbought conditions.
2. Indicators
- MACD: Positive (0.024), but the histogram is narrow — a reversal or correction is possible.
- RSI(6): 84.917 — overbought zone. Risk of downward correction.
- Support/Resistance:
- Support: $1.035, $0.964.
- Resistance: $1.164, $1.168.
3. Trading Plan
- Scenario 1 (Continuation of growth):
- Condition: Price stays above $1.14 with increasing volumes.
- Action: Short positions with a take-profit at $1.164 and stop-loss below $1.106.
- Scenario 2 (Correction):
- Condition: Price falls below $1.106 with decreasing volumes.
- Action: Buy on a rebound from $1.035 or $0.964 with confirmation from indicators (RSI < 70, MACD reversal).
4. Risks
- High RSI and narrow MACD — sharp correction possible.
- Volatility (24h difference ~35%) requires caution with leverage.
5. Recommendations
- Use limit orders for precise entry.
- Wait for trend confirmation (for example, price fixing above $1.164 for growth or below $1.035 for decline).
- Consider the news background (Meme-status may increase instability).
Conclusion: Today's plan is cautious trades on correction with a priority for sales in the $1.164 zone or purchases at strong support levels. Stop-loss is mandatory.