🚨 $WIF /USDT - Key Support Test! 🔥
$WIF is consolidating near $0.495, testing a key support level within an ascending channel.
🔎 Market Insights:
Break of Structure (BOS) signaled bullish momentum, but trend is weakening.
Fair Value Gap (FVG) near $0.490 acts as a demand zone.
A liquidity grab ($$$) above $0.52 led to a sell-off.
📈 Trade Setup (Potential Long Play)
Entry Zone: $0.490 - $0.480 (if support holds)
Target 1: $0.510
Target 2: $0.525
Stop Loss: $0.460 (below structure support)
⚠️ Bearish Scenario:
If WIF breaks below $0.480, expect a deeper pullback toward the $0.460 support zone, where bulls may re-enter.
💡 Pro Tip:
Wait for confirmation (strong bullish reaction) at $0.490 before entering. A clean rejection could push price back toward resistance.
🔥 Will WIF hold support and bounce, or are bears taking over? Drop your thoughts below!
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