$WIF / USDT Technical Analysis 📈
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 – 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! 🚀
