$WIF 🔥 🔥 POTENTIAL MOMENTUM 🔥 🔥
📈 Technical Analysis & Chart Pattern:
🔹 Chart Pattern:
Falling Wedge Breakout (Bullish Reversal)
WIF recently broke out of a falling wedge, a classic bullish reversal pattern. This indicates a potential trend shift from correction to upward movement.
🔹 Support & Resistance:
Immediate Support: $0.94 – $0.97 (Fibonacci 0.382 zone + recent accumulation)
Major Resistance Levels:
$1.08 → minor intraday resistance
$1.22 → psychological and technical barrier
$1.40 → previous local top
🧠 Authentic Trading Strategy:
✅ Short-Term Swing Trade:
Buy Zone: $0.98 – $1.02 (on retest of breakout or intraday dip)
Targets:
TP1: $1.08
TP2: $1.22
TP3: $1.38
Stop-Loss: Below $0.94 (tight SL for risk protection)
🛠️ Alternative Entry Strategy (Breakout Continuation):
If WIF breaks above $1.08 with high volume → Enter on breakout candle
SL: $1.00
Target: $1.22–$1.40
📢 Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research (DYOR), and invest only what you can afford to lose. Use stop-loss and position sizing for capital protection.