$WIF – Strong Bounce but Facing Resistance 🚀
WIF showed strong recovery, bouncing from $0.976 to a peak of $1.377, but is now facing a pullback as profit-taking kicks in. The 1H chart shows a V-shaped recovery, followed by rejection near $1.30-$1.37 resistance.
Market Outlook:
• Bullish structure remains intact, but momentum slowing down.
• If price holds above $1.13, we could see another leg up.
• Losing $1.10-$1.04 could open the doors for a deeper retracement.
Trading Strategy:
Break and hold $1.22+ → Target $1.30-$1.35
