$WIF Trade Setup Bullish Breakout in Progress🤔🔐👇
Current Price: $1.063
Timeframe: 1H & 1D (Short-Mid Term Play)
Strategy Plan: bullish trade💥
Chart Pattern & Price Action Highlights📊
On the 1H chart, $WIF shows a clean BOS (Break of Structure) and a confirmed CHoCH, signaling trend reversal from the previous range-bound market.
Price has broken above the $1.03 resistance, entering into a thin supply zone up to $1.11 - $1.15.
Multiple rejections from the $1.03 area in the past confirm this breakout is significant.
1D chart confirms bullish engulfing formation on the last candle with higher low structure and price reclaiming 20EMA.
Why Bullish?🤔💥
Volume-backed breakout from structure
RSI still has headroom; no divergence
1H bullish BOS + price comfortably above EMAs
Daily support held strongly at $0.89
Trade Plan🧑🏫💥
Entry: $1.05 - $1.06✅
Targets: 🎯
Short-term: $1.11
Mid-term: $1.18
Stop-loss: $0.99☣️
Risk-Reward Ratio: 1:2+
Trade Duration: 1-3 Days (Swing Trade)⌛
Global Trend Insight🌍
Crypto markets are recovering with strength after minor corrections. Memecoins like $WIF are leading momentum-driven rallies. Optimism around retail inflows & positive BTC structure adds to altcoin breakout cases. No major bearish macro news currently affecting WIF.
Takeaway:🧑💻
"Market rewards the patient, but punishes the hesitant. Identify the structure, enter with logic, exit with discipline."
Disclaimer:⚠️
This is not financial advice. DYOR before investing or trading.
