$WIF /USDT - Bullish Momentum
Market Analysis:
Price: $0.571
24H Change: +7.74%
24H High / Low: $0.575 / $0.508
Trend: Bullish
RSI(6): ~73 (approaching overbought zone)
Volume: Gradually increasing during price pushes
Trend Analysis:
WIF is currently in a short-term bullish trend on the 15-minute timeframe.
Price is trading above all key moving averages (MA7, MA25, MA99), confirming strength.
The last high at $0.575 is acting as short-term resistance.
RSI is near the overbought zone, indicating a potential pullback or consolidation before the next leg up.
Trade Setup
Entry: $0.556
TP1: $0.575
TP2: $0.585
TP3: $0.599
Stop Loss (SL): $0.538
Note:
To avoid buying the top and increase your reward-to-risk ratio, it's better to wait for a pullback to these levels.Wait for pullback to support (MA25 or prior resistance) with confirmation (e.g., bullish candlestick or volume spike).Avoid entering immediately at current price ($0.571) due to local top and overbought RSI.Use tight stop-loss just below the support zone to manage risk effectively.
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