WIFUSDT 4H (92% Long Probability Printed)Trend & Structure
Price appears to be forming higher lows (as shown by the ascending trendline).
The 50 EMA (red line) is now below the price, suggesting a potential shift in momentum.
92 % Probability signal indicating bullish momentum building up.
Key Levels
Support: Around the ascending trendline near 0.54–0.56.
Resistance: Notable resistance levels near 0.60–0.62 and higher at 0.65–0.70.
Proposed Long Entry
🚀 Entry (Long): Consider entering around the current price (0.56–0.57) or on a small pullback toward the trendline (if it retests around 0.55–0.56).
Stop Loss
🛑 Stop Loss: Place a stop below the ascending trendline or a recent swing low to protect against a breakdown.
An example might be near 0.53 or slightly lower, depending on your risk tolerance.
Profit Targets
🎯 Target 1: 0.60–0.62 (near recent highs / local resistance).
🎯 Target 2: 0.65–0.70 (if momentum continues and breaks through the first resistance zone).
Risk Management
Use position sizing that limits your account risk to 1–2% (or your preferred level).
Consider moving your stop loss to breakeven once price reaches the first target or forms a new higher low.
