$WIF / USDT Technical Analysis šŸ“ˆ

While the daily trend for WIF remains bearish, we're observing critical shifts on the lower timeframes. The 4-hour chart is currently ranging and showing attempts to reverse.

The 1-hour chart appears coiled for a potential bounce. Price is positioned below its EMA50, yet the EMA50 holds above the EMA200, indicating a robust short-term structure within this consolidation phase.

A key bullish signal is the 1-hour RSI, which is deeply oversold at 31. This strongly suggests that a potential reversal could be imminent, offering an attractive setup.

For confirmation, watch the 15-minute RSI. A clear cross above 50 will confirm a positive momentum shift. This breakout is the trigger for entering a long position, targeting a swift move towards TP1.

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**Actionable LONG Setup:**

Entry Range: 0.379062 ā€“ 0.384546 stablecoin

TP1: 0.392771
TP2: 0.403738
TP3: 0.414705

SL: 0.370837

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Remember to manage risk effectively. Happy trading! šŸš€