WIF/USDT – Explosive Breakout & Retracement Opportunity

Pair: WIF / USDT

Exchange: Binance

Timeframe: 1D (Daily)

Signal Type: 📈 High Momentum Breakout-Retest Setup

📊 Technical Overview

Current Price: $1.0983

Daily Change: -6.53%

Volume: 223.18M

Resistance Levels: $1.30 – $1.50 (recent highs)

Support Levels: $0.95, $0.80, $0.65

🧠 Setup Breakdown

WIF recently completed a parabolic rally from sub-$0.50 to above $1.30 — a nearly 200% move in under 2 weeks.

Today’s red candle (-6.53%) reflects a healthy correction after a vertical rise, not a breakdown.

Volume remains strong, suggesting bulls are still engaged.

Long consolidation before breakout strengthens the move's reliability.

📝 Trade Plan
✅ Option 1: Retest Buy Zone

Entry Zone: $0.95 – $1.05

Stop Loss: $0.78 (below previous consolidation)

Target 1: $1.30

Target 2: $1.60

Risk/Reward: High (solid base, strong move, clear structure)

✅ Option 2: Breakout Continuation

Entry Trigger: Daily candle close above $1.35

Stop Loss: $1.10

Target 1: $1.60

Target 2: $1.85+

Note: Wait for strong volume confirmation (>300M) on breakout.

📌 Signal Summary

Signal Type: Bullish Breakout-Retest Play

Status: 🔄 Active – Watching for entry after minor correction

Momentum: ⭐⭐⭐⭐⭐

Risk Level: Moderate (due to prior parabolic move; manage position size)