📊 WIF/USDC – False breakdown on 1D?
On the daily timeframe, the WIF/USDC pair may be experiencing a classic false breakdown of support.
🔹 The level 0.786 has long served as solid support.
🔹 There was a breakdown – the price fell to 0.735, but the candle closed higher – at 0.770.
🔹 The next day, the rate returned above 0.790 and has not closed below 0.786 for several days now.
This is a setup typical for a false breakdown – the market tests the patience of players, collects SL orders, and returns to the main trend.
📌 If support at 0.786 is successfully maintained, it may open the way for further increases.
📌 A candle close above 0.800 will be a technically strong signal.
🧠 I am watching closely – possible position building with a tight SL below 0.786.
