$WIF /USDT Analysis – Testing Key Resistance🤔🔐👇
Market Outlook 📉
$WIF is currently trading around $0.384 after a modest bounce from the demand zone shown on the 1H chart. The price is still struggling under the $0.394 supply zone, aligning with multiple EMA resistances.
1D Chart Overview📈
Price facing rejection at the 21 EMA.
Still under long-term EMA resistance (50 & 100).
Daily momentum is weak – stochastic RSI curling down from overbought (58.57 & 55.50).
1H Chart Signals📈
Short-term recovery from demand block at $0.370.
Still below supply at $0.394, making it a critical level.
Stochastic RSI shows possible upward reversal but still weak (34.68 & 27.01).
Trade Strategy: (Bearish Bias)
Entry: $0.384 – $0.388 (retest zone)✅
Target 1: $0.370🎯
Target 2: $0.355 (if breakdown continues)🎯
Stop-loss: $0.398☣️
Risk-Reward: 1:1.5+
Pro Tip:🧑🏫
Wait for a clear candle close below $0.380 to confirm bearish strength before entering. Overhead EMAs are suppressing upward momentum.
👨❤️👨"Great trades aren't about being right—they're about managing risk when you're wrong."
Disclaimer: ⚠️
This is not financial advice. Always DYOR and manage your risk properly.