$WIF Up 7% – Ready for the Next Push or a Fakeout Trap?
WIF has rallied impressively, now sitting at $0.891 with a daily gain of 7.09%. After testing resistance near $0.894–$0.907, price is consolidating just beneath the breakout zone. Bulls are holding firm, but the range is tight — a breakout or breakdown looks imminent.
Key Levels to Watch
Resistance Zone:
• $0.894 – $0.907
Clear breakout could fuel a rally toward $0.925 and $0.950
Support Zone:
• $0.885 – short-term safety net
• Deeper support sits at $0.870 and $0.860
Trade Strategy
Bullish Scenario:
Buy on breakout above $0.907
• Target 1: $0.925
• Target 2: $0.950
• Stop-loss: Below $0.885
Bearish Scenario:
Sell if breakdown below $0.885
• Target 1: $0.870
• Target 2: $0.860
• Stop-loss: Above $0.894
Buyers are showing strength, but this is a tight coil — whichever side breaks first will likely dominate the next leg. Watch the $0.894 line like a hawk.