#WIF Looking your chart for WIF/USDT on the 1-hour timeframe, here's a quick technical analysis based on what I see:
Current Market Situation
Price: $0.469
24h High/Low: $0.501 / $0.432
Short-Term Trend: Recently hit $0.501, but there’s a pullback happening now.
MA Levels:
MA(7): 0.478 (above current price - bearish short-term signal)
MA(25): 0.461 (price slightly above - neutral to bullish)
MA(99): 0.458 (price above - bullish medium-term signal)
Candlestick Pattern Analysis
The last few candles show a rejection at the 0.501 resistance and a bearish retracement.
There's a red candle following a green uptrend, indicating potential for further correction.
Possible lower high forming unless it holds above the MA(25) or MA(99).
Entry / Stop Loss / Target (Short-Term)
Entry Price (Potential Long)
Safe entry: Around $0.461 - $0.458 (near MA(25) and MA(99)), wait for bullish confirmation like a hammer or bullish engulfing pattern.
Aggressive entry: At current price $0.469, but riskier without confirmation.
Stop Loss
Place stop loss below $0.456 (below MA(99)), or safer below $0.450 if you want more room.
Take Profit / Target
First target: $0.478 (MA(7) and previous support turned resistance).
Second target: $0.501 (recent high).
If it breaks and holds above $0.501, next psychological resistance might be around $0.520 - $0.540.
Future Prediction (Short-Term)
Bullish Scenario: If price holds above $0.458 and breaks $0.478 with volume, it can retest $0.501 and potentially move higher.
Bearish Scenario: If it breaks below $0.458, next support is $0.432, and it could fall further to $0.420 or lower.
Other Technical Notes
Volume is declining after a spike, signaling potential slowdown.
Watch the 7MA closely. If the price can't reclaim that, sellers might stay in control.
RSI and MACD aren't shown here, but those indicators could give extra confirmation.
If you want a deeper analysis or more accurate future prediction, you can share a broader timeframe chart (4h, 1D), and I can provide more insight. #WIFUSDT
