WIF long
Rationale:
- Bullish Divergence: 1D MACD shows a classic bullish divergence. Price is making lower lows, while MACD is forming higher lows. This suggests weakening bearish momentum and potential for a bullish reversal.
- Demand Zone: Current price action is within a previously identified Demand Zone. This area has historically seen strong buying pressure, providing a potential support level for the price.
- Trend Change: The CHOCH indicator has recently transitioned from a downtrend to an uptrend. This confirms a shift in market sentiment and increases the probability of further upward price movement.
Trade active
Entry hitTrade closed: target reached
SL hit, lose 3%
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