$WIF /USDTchart analysis and trade setup

Price: $1.351 (+11.57%)

Pattern Detected:

Double Bottom / Accumulation Zone breakout

Multiple "H" and "L" marks suggest inverse Head and Shoulders formation

Horizontal resistance at ~1.34 just got broken decisively

Strong volume and bullish candles indicate a confirmed breakout

Indicators:

Moving Averages:

Green MA (likely 50 EMA): Trending upward, providing dynamic support

Red MA: previously resisted price, now broken—bullish signal

Support & Resistance:

Key Support Levels:

$1.08 – MA support

$0.641 – Historical horizontal support

Immediate Resistance:

$1.40–$1.45 range (profit-taking zone and previous top wick area)

Trade Setup:

Option 1 – Breakout Retest Buy

Entry: $1.34–$1.36 (on retest of breakout zone)

Stop Loss: Below $1.26 (recent structure low)

Targets:

TP1: $1.45

TP2: $1.60

TP3: $1.80+

Option 2 – Momentum Buy (Riskier)

Entry: Market price ($1.35)

Stop Loss: $1.26

Targets: Same as above

Risk/Reward Ratio: 1:2 or higher

Bullish Bias Justification:

Breakout from sideways accumulation

High volume candle at breakout

Clear structure of higher highs and higher lows

Strong Heikin Ashi bullish momentum

Trade Here on $WIF