In the 1-hour chart analysis of WIF, we still maintain a bullish stance. Yesterday, the price of WIF hit the 1.79 level but failed to break through it successfully, and then experienced a retracement adjustment. Currently, the price of WIF is 1.74. Although it has shown negative growth in the past 24 hours, its overall trend still shows a bullish convergence pattern, indicating that upward momentum is still accumulating.
Observing the technical indicators, the RSI value is 59.938, which does not show unfavorable market sentiment, indicating that the current market still has certain upside potential. In order to confirm a stronger rise, the price of WIF needs to successfully break through the two key resistance levels of 1.75 and 1.795.
Based on the above analysis, our trading strategy is mainly to go long at low levels. Specific suggestions are as follows:
Long entry point: It is recommended to establish an initial position when the price approaches 1.69. If the price further pulls back to around 1.645, consider covering the position to increase the position. Target price: Our goal is to push the price above 1.815 to make a profit. Stop loss setting: In order to control the risk, it is recommended to set a stop loss point below 1.619 to limit potential losses.
In summary, we maintain a bullish view on WIF and recommend investors to flexibly adjust their trading strategies according to market conditions. $WIF