$WIF — Bullish Reversal Play

Current Price: Around $0.895–$0.900

Signal: 1H Bullish Engulfing Candle off $0.84 support

Momentum: Reclaimed with rising volume

Setup Type: Short-term momentum trade

📊 Technical Snapshot

Level TypePriceNotesKey Support$0.84Recent bounce levelEntry Zone$0.895 – $0.900Ideal entry after reclaimResistance 1$0.915TP1 — short-term resistanceResistance 2$0.940TP2 — swing extensionBreakout Level$0.91Watch for strong candle & volume aboveStop Loss$0.875Below higher low and structure

🎯 Trade Setup

✅ Entry

Buy Zone: $0.895 – $0.900

(Preferably on small pullbacks after engulfing confirmation)

🎯 Targets

TargetPriceReasonTP1$0.915Immediate resistanceTP2$0.940Reversal extension target🚀 Bonus$0.95+If breakout over $0.91 sustainsStop-Loss

$0.875 — below last demand zone

(Keeps R:R around 1:2 minimum)

🧠 Pro Tips for Execution

📌 Engulfing confirmation = bullish buyers stepping back in.

🔍 Watch the $0.91 breakout — a 1H candle close above with volume >$100M may trigger momentum scalps toward $0.94–$0.95.

📉 Tight trailing stop once TP1 is hit to lock in profits while staying in the game.

🔄 Consider re-entry on retest of $0.90 with wick rejection if missed the first move.

⚠️ Risk Notes

$WIF is volatility-prone — use appropriate sizing.

Avoid FOMO-chasing if price runs too fast past $0.91 without a flag or pullback.

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