WIF/USDT is currently trading at approximately 3.80 USDT, having shown significant strength in recent sessions. The market is exhibiting a symmetrical triangle formation, indicating a period of consolidation that often precedes a breakout. The bullish sentiment is further supported by various technical indicators suggesting upward momentum.
Long Position:
Entry: Enter a long position at the current level (3.80 USDT)
Stop Loss: Set a stop loss below the immediate support at 3.256 USDT to manage risk.
Take Profit:
First target at 4.343 USDT
Second target at 4.854 USDT
Final target at 5.0 USDT
Short Position:
Entry: Consider shorting if the price fails to break above 3.561 USDT and shows a bearish reversal pattern.
Stop Loss: Place a stop loss above the resistance level at 3.561 USDT.
Take Profit:
First target at 3.256 USDT
Second target at 2.920 USDT
Long Position:
Entry: Enter a long position at the current level (3.80 USDT)
Stop Loss: Set a stop loss below the immediate support at 3.256 USDT to manage risk.
Take Profit:
First target at 4.343 USDT
Second target at 4.854 USDT
Final target at 5.0 USDT
Short Position:
Entry: Consider shorting if the price fails to break above 3.561 USDT and shows a bearish reversal pattern.
Stop Loss: Place a stop loss above the resistance level at 3.561 USDT.
Take Profit:
First target at 3.256 USDT
Second target at 2.920 USDT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.