$WIF /USDT - Expected bullish continuation, with long-term buy positions 🚀📈
Position Size: $4,601.90
Entry Price: $1.0295
The price $WIF has recently shown signs of bullish strength, successfully reclaiming an important support level, forming a constructive base above the psychological threshold of $1.00.
Price behavior indicates the potential for trend continuation, with rising lows suggesting re-accumulation of buyers and structural integrity.
Trading Structure:
• Long Entry: $1.0295
• Profit Taking Targets:
• 🎯 Profit Target 1: $1.0900 - Recent Local Swing High
• 🎯 Profit Target 2: $1.1450 - Breakout Extension Area
• 🎯 Profit Target 3: $1.2150 - Fibonacci Expansion + Previous Distribution Level
• Stop Loss: $0.9875 - Below Structural Support and Invalidity Level
🧠 Technical Confluence:
Market Structure: Bullish breakout from a consolidation state; the price maintains above key moving averages.
Volume footprint: A slight increase in buying volume during the upward phases, indicating natural accumulation rather than speculative spikes.
Momentum Indicators: The Relative Strength Index is trending above the midpoint; the MACD is trending upwards - both confirming bullish momentum.
⚠️ Strategy Note:
This long position is based on the assumption of trend resumption after consolidation.
The clear breakout with increased trading volume confirms the continuation hypothesis.
However, failure to hold above the $1.00 level may lead to selling pressure, necessitating tightened risk management.
✅ Summary:
Bias: Bullish with potential continuation
Risk to Reward Ratio: Favorable R:R Structure with Multiple Layered Targets
Key Holding Area: Psychological Level $1.00 - Critical for trend integrity
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