🚀 WIF/USDT - Potential Pullback After Hitting Resistance 🚀
WIF/USDT is currently trading at $2.6673, showing signs of a pullback after reaching a high of $2.8240. The price remains within an uptrend channel but is testing critical support levels, which will determine whether the bullish trend will continue or face further correction.
🔥 Key Observations:
Bullish OBs: Several bullish order blocks around $2.4985 and $2.5306 indicate areas where buyers might step in again to defend the trend.
Resistance: Price faced rejection near $2.8240, showing sellers' presence at higher levels.
Current Trend: While the price stays above the green trendline, the structure remains bullish, but any close below it could shift momentum to the downside.
🎯 Long Setup:
🚀 Entry for Long: Look for potential entries around $2.5300 if the price stabilizes with bullish confirmation candles.
🎯 Take Profit Targets for Long:
1. TP1: $2.7000 — Minor resistance.
2. TP2: $2.8240 — Retest of the recent high.
3. TP3: $3.0000 — Extended target if bullish momentum returns.
🛡️ Stop Loss for Long: Set a stop loss below $2.4985 to protect against further breakdowns.
📉 Short Setup (In Case of Rejection):
🚀 Entry for Short: Consider shorting near $2.6700 if the price shows rejection from these levels with bearish signals.
🎯 Take Profit Targets for Short:
1. TP1: $2.5300 — First support zone.
2. TP2: $2.4253 — Deeper target near the next order block.
3. TP3: $2.2542 — If bearish momentum accelerates.
🛡️ Stop Loss for Short: Place a stop loss just above $2.7000 to limit losses on an unexpected rally.
📈 What’s Next? If WIF manages to stay above $2.5300, it might make another attempt to break through the $2.8240 resistance. However, failure to hold these support zones could result in a deeper correction toward $2.2542.
💡 Pro Tip: Keep an eye on the trendline. A clean break below could signal a trend reversal, while holding above it suggests bulls remain in control.
