$WIF Token Update: Long Liquidation Sparks Potential Entry
A recent $1.47K long liquidation at $1.0018 shook the market, clearing weaker hands and setting the stage for a possible rebound.
Key Support & Resistance:
Support: $0.98 — a critical zone where buyers may step in.
Resistance: $1.05 — the level to watch for breakout confirmation.
Market Insight:
The dip reflects some profit-taking, but strong support near $0.98 suggests buyers are still interested. A hold here could lead to a retest of resistance levels.
Trade Strategy:
Entry Range: Look for buying opportunities between $0.99 and $1.00 with bullish confirmation.
Targets: $1.05 initially, followed by $1.10 if momentum builds.
Stop-Loss: Set below $0.96 to protect your position.
Stay attentive to volume changes and price momentum to time your trades effectively.
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