WIF/USDT based on the latest market data:

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📈 Current Price Overview

• Current Price: Approximately $0.933

• 24h High: $1.007

• 24h Low: $0.925

• 24h Change: Down ~7.4%

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🔍 Technical Analysis

• Trend: WIF/USDT is currently in a bearish phase, trading below the 200-period moving average, indicating potential continued downward pressure.

• Support Zone: Identified between $0.82 and $0.87, aligning with the 50 EMA, suggesting a potential area for a bullish reversal.

• Resistance Levels: Immediate resistance is around $1.22, with a major resistance zone between $1.42 to $1.45.

• Indicators:

• MACD: A bullish crossover suggests building upward momentum.

• RSI: Currently neutral, indicating neither overbought nor oversold conditions.  

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🛠️ Suggested Trade Setup

Given the current market conditions and technical indicators:

• Entry Point: Consider entering a long position if WIF approaches the support level around $0.85 and shows signs of a bounce.

• Stop-Loss (SL): Set a stop-loss slightly below the support level, for instance, at $0.80, to manage risk in case the price continues to decline.

• Take-Profit (TP): Aim for a take-profit near the resistance level at $1.22, which could yield a favorable risk-to-reward ratio.