$WIF /USDT TRADE SETUP & ANALYSIS

✅ Bullish Continuation Setup (Breakout Play)

Entry: Break and close above $1.20 with volume.

Target 1: $1.38–$1.42 (previous high zone).

Target 2: $1.50+

Stop-Loss: Below $1.00 trendline support.

🧠 Technical Analysis Overview #WIF

chart shows a clear ascending support trendline connecting higher lows (L), holding steadily.

There was a massive breakout candle (wick to ~$1.45) followed by consolidation and retrace — this suggests a potential bullish flag or cup-and-handle formation in progress.

Current price action is coiling above $1.10, with higher lows continuing and compression toward a potential breakout point.

🟢 Bullish Technical Signals

Higher Lows marked (L): Indicates strength and sustained demand.

Price Above Trendline Support: Key validation level around $1.11–$1.12 is holding.

200 EMA Holding as Support: Price is sitting above green EMA — bullish bias remains intact.

Heikin Ashi Green Candles Returning: Early signs of bullish momentum resuming.

🔴 Bearish or Neutral Risks

Lower High (H) at $1.40+: Major resistance still unbroken.

Sideways Structure After Spike: Could be redistribution if price loses $1.10.

Volume Drop-Off: May indicate waning interest unless re-ignited.

📌 Key Price Levels

TypePriceImmediate Resistance$1.16–$1.20Major Resistance$1.38–$1.42Trendline Support~$1.10Swing Support Zone$1.00Breakdown Risk Level$0.98–$1.00Strong Demand Zone$0.65 (see orange line support)

🟡 Support Bounce Setup (Risk-Defined Long)

Entry: Near $1.10 on confirmation of bounce (e.g., strong green Heikin Ashi candle).

Target 1: $1.20

Target 2: $1.38

Stop-Loss: Close below $1.08 or break of trendline.

Trade $WIF