๐น Current Price: $1.013
๐น 24H Change: +14.33%
๐น 24H High/Low: $1.071 / $0.869
๐น Volume: 109.57M WIF ($106.29M USDT)
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๐ Key Observations
๐ Price Action & EMAs
EMA(7): $0.944 โ
EMA(25): $0.937 โ
EMA(99): $0.864 โ
> โ Bullish Cross โ Price is currently trading above all major EMAs, which is a strong sign of short-term and medium-term trend reversal.
The 7EMA has just crossed above the 25EMA โ bullish momentum is gaining strength.
๐ MACD (12,26,9)
MACD Line: -0.009
Signal Line (DEA): 0.017
Histogram: Narrowing red bars
> ๐ Although the MACD is still below the signal line (slightly bearish), the histogram is flattening, suggesting loss of selling pressure and a potential bullish crossover forming soon.
๐ช RSI (6)
Current RSI: 63.05
> RSI is rising, nearing 70 โ strong bullish momentum, but slightly approaching overbought zone. Watch for continuation or brief cooldown.
๐ Volume
24H Volume: 109M WIF
> This spike in volume supports the breakout move. High volume = strong conviction in this upward leg.
๐น Price Structure
Strong bounce from $0.86 support zone
Reclaimed psychological level of $1.00
Immediate resistance around $1.07 โ $1.10, with higher targets possible on breakout.
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๐ฏ Trade Strategy
๐ผ Scenario A: Breakout Buy (Momentum Play)
Entry: $1.01 โ $1.03
Target 1: $1.07
Target 2: $1.15
Target 3: $1.20
Stop-Loss: $0.96
> Use if momentum holds and price stays above $1.00 with volume.
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๐ง Scenario B: Support Retest Entry
Entry Zone: $0.94 โ $0.96 (near EMA 7/25 area)
Target 1: $1.03
Target 2: $1.10
Stop-Loss: $0.89
> Use on pullback โ safer entry with better Risk:Reward ratio.
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๐ก๏ธ Risk Management
๐น Max risk per trade: 1โ2% of total capital
๐น Consider trailing stop after $1.10 breakout
๐น Use limit orders to avoid slippage in volatile moves
๐น Exit half position at first target to lock in partial profits
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โ๏ธ Key Resistance & Support
Level Type
$1.07 Resistance (24H High)
$1.15โ1.20 Resistance (Previous Supply)
$0.94โ0.96 Support (EMA cluster zone)
$0.86 Strong Support (Recent low)
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๐ง Final Thoughts
WIF is rebounding strongly after a consolidation dip, breaking back above the $1.00 psychological level. The EMA structure supports bullish bias, and the flattening MACD suggests the selloff is cooling off. If bulls hold above $1.00, we may soon see $1.15+ levels.
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โ Summary
๐ Trend: Bullish short-term
๐ฅ Momentum: Rising
๐ฐ Opportunity: $1.15โ$1.20 possible if $1.07 breaks
๐ Risk: Falling below $0.94 invalidates bullish setup
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๐จ Trade what the chart shows, not what emotions say.
๐ Use SL. Donโt FOMO. Plan the trade and trade the plan.
๐ Follow @DesiCryptoTalks for daily trade setups
