WTF Bullish Breakout Setup

WTF on the 1D chart has flipped from heavy selling to a constructive recovery after carving out a clear Double Bottom around the October lows. Price has now broken out above the neckline near 5.70 and is pressing into the 60-day and 120-day moving averages (around 5.56 and 5.45), which are acting as dynamic resistance. With price also above the rising 20-day MA at 5.21, the short-term structure has shifted from defense to offense.

As long as WTF holds above the breakout zone around 5.70, the primary path favors continuation higher toward the prior September supply zone, with the main resistance marked at 7.20 and interim projections around 5.96–6.25 over the next 5–10 days. The key demand zone sits near 4.80, where buyers last stepped in aggressively. A daily close below 5.20 would be an early warning that the breakout is stalling, while a sustained move under 4.80 would put the Double Bottom thesis at risk and reopen downside toward the lower range near 5.11 and below.

Thought of the Day 💡
Trading gets simpler when you define your line in the sand before price gets there, not after.

This is a study, not financial advice. Manage risk and invalidations