๐ถ $WIF /USDT Price Action โ Is the Dog Just Taking a Breather Before Barking Again๐ค๐
๐ Current Price: $0.817
๐ Timeframes Analyzed: 1H & 4H
๐ 24h Range: $0.774 โ $0.847
๐ฐ 24h Volume: 39.6M WIF
๐ Chart Observations:
๐ธ 1H Timeframe๐
Pullback in progress after hitting resistance at $0.847.
$WIF Price testing dynamic support at EMA 20 (approx. $0.814).
MACD starting to flatten, histogram turning red โ caution zone.
RSI: 54.99 โ cooling off but still in bullish-neutral territory.
๐ธ 4H Timeframe๐
Bullish breakout from consolidation, but recent candle showing profit booking.
Strong support near $0.796 (EMA 20), acting as a likely bounce zone.
MACD: Positive crossover active, histogram still green โ momentum holding.
RSI: 57.22 โ room to move higher if bulls hold support.
๐ Strategy Plan โ (Bullish Bias)๐ฅ
โ Entry Zone: Above $0.825 (post-pullback confirmation candle)
๐ฏ Target 1: $0.840
๐ฏ Target 2: $0.860 (recent high)
๐ป Stoploss: Below $0.790 (under EMA 50 and structure support)
โฐ Trade Duration: 6โ12 Hours
โ ๏ธ Risk Level: Medium โ watch 1H MACD & RSI closely
๐ง Why Bullish๐ค๐ฅ
$WIF Price still above both EMAs on 1H and 4H.
4H shows healthy uptrend with higher lows.
Momentum indicators suggest pullback, not breakdown.
๐ฌ "Strong trends donโt break easily. Smart money buys the dip while noise screams exit."
Keep it cool. Plan. Execute. Exit smart.
๐ This analysis is for educational purposes only. Not financial advice โ always DYOR.
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