WIF has recently shown strong performance, rising over 65% from its bottom at $1.08. Currently, the price is pulling back towards a key support zone at $1.50, which also represents a significant psychological level and a potential demand zone. This pullback offers an opportunity to enter a trade, with the expectation of a bounce from support.
Trade Plan:
Entry: Around the $1.50 support zone.
Take Profit: Targets set at $2.2 and $2.8.
Stop Loss: Placed at $1.36 to minimize downside risk.
This setup leverages the strong recent momentum of WIF while managing risk effectively. The trade is designed to capitalize on a potential bounce from the $1.50 support level, which has shown to be a key area of interest.
Trade Plan:
Entry: Around the $1.50 support zone.
Take Profit: Targets set at $2.2 and $2.8.
Stop Loss: Placed at $1.36 to minimize downside risk.
This setup leverages the strong recent momentum of WIF while managing risk effectively. The trade is designed to capitalize on a potential bounce from the $1.50 support level, which has shown to be a key area of interest.
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.