$WIF just bounced about 9% off the 0.1236 low 🐶 Is the hat back, or is this a relief pop?
📍 Price ~0.135, back above EMA20 but still under EMA50
🧱 Resistance I'm watching: 0.1438
🛡️ Support: 0.1307, then the 0.1236 low
📰 Backdrop: a Valour WIF ETP went live in Sweden on Nov 5, while memes stayed red all week
Beginner tip: a bounce under a falling EMA50 is often just a bounce. Many traders wait for a reclaim before calling a trend change.
Bounce or fakeout for $WIF? 👇
$WIF #WIF #Memecoins #CryptoMarket
Not financial advice, DYOR.
📍 Price ~0.135, back above EMA20 but still under EMA50
🧱 Resistance I'm watching: 0.1438
🛡️ Support: 0.1307, then the 0.1236 low
📰 Backdrop: a Valour WIF ETP went live in Sweden on Nov 5, while memes stayed red all week
Beginner tip: a bounce under a falling EMA50 is often just a bounce. Many traders wait for a reclaim before calling a trend change.
Bounce or fakeout for $WIF? 👇
$WIF #WIF #Memecoins #CryptoMarket
Not financial advice, DYOR.
