#WIF

1. Price Action & Support/Resistance:

• Recent support: Around $0.86

• Immediate resistance: Around $1.05

• Previous high: ~$1.39

• Price has just broken above a horizontal resistance (~$0.86–0.89) and is holding above it, indicating a possible bullish breakout.

2. Volume:

• Volume is rising, especially on green (bullish) candles. This supports a momentum-driven move up, which adds confidence to a long trade.

3. Trend:

• After a downtrend, the price has formed a double bottom pattern near $0.86, which is typically bullish.

• Now moving upward with higher lows and breaking resistance.

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📈 Signal Summary:

✅ LONG (Buy) Setup is more favorable:

• Entry: Around $0.9827

• Stop Loss (SL): Just below support, at $0.86

• Take Profit (TP):

• TP1: $1.05 (recent local high)

• TP2: $1.24 (mid-resistance)

• TP3: $1.39 (previous high)

❌ SHORT (Sell) is not advised right now because:

• Momentum is clearly upward.

• No bearish signals like resistance rejection or bearish divergence are currently visible.

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⚠️ Caution:

• Always use stop loss in crypto due to volatility.

• If Bitcoin or major altcoins reverse hard, this can invalidate the signal.