Hey Traders — if you're into high-conviction setups with real momentum, this one’s for you.
WIF has been consolidating inside a falling wedge structure and is now showing signs of strength from the major horizontal support zone around $0.77. The structure is tightening, and the recent bounce from support could be the early signal of a breakout.
Here’s the trade idea:
Entry Zone: $0.77 – $0.81
Breakout Confirmation: 4H close above the wedge trendline (~$0.87)
Targets:
Target 1: $0.95
Target 2: $1.10
Target 3: $1.35
Invalidation / SL: Below $0.74
Risk-Reward: High (3R+ depending on entry)
Strategy:
Wait for a confirmed breakout with volume. Early entries around current support with tight SLs offer favorable setups if you’re comfortable with added risk.
Keep an eye on Bitcoin’s volatility and global macros, as they may influence alt momentum.
WIF has been consolidating inside a falling wedge structure and is now showing signs of strength from the major horizontal support zone around $0.77. The structure is tightening, and the recent bounce from support could be the early signal of a breakout.
Here’s the trade idea:
Entry Zone: $0.77 – $0.81
Breakout Confirmation: 4H close above the wedge trendline (~$0.87)
Targets:
Target 1: $0.95
Target 2: $1.10
Target 3: $1.35
Invalidation / SL: Below $0.74
Risk-Reward: High (3R+ depending on entry)
Strategy:
Wait for a confirmed breakout with volume. Early entries around current support with tight SLs offer favorable setups if you’re comfortable with added risk.
Keep an eye on Bitcoin’s volatility and global macros, as they may influence alt momentum.
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.