WIFUSDT trade ideas
WIF: Channel UpTrade setup : Price is in an Uptrend, trading in a Channel Up pattern. Swing Traders can trade the channel: enter near channel support trendline and exit near channel resistance trendline. Near-term upside potential to $4.25.
Pattern : Price is trading in a Channel Up pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) - initiate a trade when the price breaks through the channel's trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Learn to trade chart patterns in Lesson 8.
Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $2.00. Nearest Resistance Zone is $3.50, then $4.20.
WIFUSDT.PHello Trader BINANCE:WIFUSDT.P
trend line breakout. I have made the entry area in the previous post. possible retouch to previous supply in the 3.9169 area
take profit 14%
stop loss 3%
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Disclamer: Not Financial Advice
WIF/USDT (Requested TA): Next Big Move? The WIF coin has been asked many times to be analysed, so here it is.
Many compare it to BONK and PEPE memes, which have had a nice shoot since launch.
We see a similar outcome for WIF as a next generation meme coin, which might be pushed pretty high thanks to it's enthusiastic traders and holders.
Although we look for bullish outcome here, we will not be looking for very long stay in upper zones, so stay sharp and safe 😉
Swallow Team
WIFUSDT → Resistance Breakthrough. Will there be a rally?BINANCE:WIFUSDT shows quite interesting preconditions for a possible rally. The coin breaks the consolidation resistance and at the same time looks stronger than the market.
The coin has been in the consolidation stage for two months. Now the price is breaking the triangle resistance and consolidating above 3.256, which generally determines the medium-term intentions of the market. The level of 3.561 is ahead and the main task of the bulls is to overcome this obstacle. If buyers are able to pass this zone and form a consolidation above, only 4.850 is ahead.
Resistance levels: 3.561, 4.343
Support levels: 3.256, 2.92
I expect the continuation of growth to the nearest resistance with its further breaking and growth to the previously mentioned targets.
Regards R. Linda!
WIFUSDT long move with strong supportGood Evening people,
i would like to share this trade idea and am humbly requesting your feedback on it.
i have drown clear support and resistance levels for WIF which is a very popular Solana based Meme coin which so far has left quite a few o the established coin far behind in terms of speed and intensity of price action.
i believe we can expect a minimum 4:1 risk to reward ratio even if it doesn't quickly establish a new ATH.
please dissect my chart and share your views.
This is my own trade plan and not trading or investment advise.
Triangle PatternThe price action is currently consolidating within a symmetrical triangle pattern. Given the prevailing uptrend, the probability of an upward breakout is higher. The support zone at the $3.20 area is identified as a significant level, providing stability to the price. Meanwhile, the resistance zone at $4 is crucial. A breakout above this resistance would indicate the continuation of the uptrend.
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WIFUSDTHave you heard trend is your friend
Even the price is in trending better to wait for proper retracement!
Currently WIF is in parallel channel, for better entry wait for trend line support around $2.60
Potential upside possible around $4
If you like do boost the idea and follow for more updates
Good Luck!