🚀 WIF/USDT - Resilience at Key Levels 🚀

WIF/USDT is currently trading at $2.3490, showing some resilience after a recent pullback from a high of $2.6426. The asset is navigating through a critical phase, attempting to consolidate gains and determine its next directional move.

🔥 Key Observations:

Bullish OBs: Key supports formed by bullish order blocks at $2.1529 and $2.1568 have recently held up against selling pressure, suggesting a strong buyer presence.

Bearish OB: The resistance level at $2.3367 shows where previous rallies were capped, marking a crucial zone for bulls to overcome.

Current Trend: WIF is attempting to stabilize and recover, showing a mix of bearish and bullish signals as it trades around pivotal levels.

🎯 Long Setup:

🚀 Entry for Long: A potential entry could be considered around the $2.3000 to $2.3300 area if WIF shows signs of holding these levels with increasing buying volume.

🎯 Take Profit Targets for Long:

1. TP1: $2.3367 — Initial resistance and a short-term target.

2. TP2: $2.4000 — Next significant level if momentum continues.

3. TP3: $2.5000 — Extended target near the recent high.

🛡️ Stop Loss for Long: Set a stop loss around $2.1500, just below the recent bullish order blocks to minimize potential downside risk.

📉 Short Setup (If Rejection at Resistance):

🚀 Entry for Short: Consider shorting around $2.3300 if WIF faces a clear rejection at this level with bearish indicators, such as increased selling volume or bearish candlestick patterns.

🎯 Take Profit Targets for Short:

1. TP1: $2.2500 — Pullback target near mid-range support.

2. TP2: $2.2000 — Lower target if downward momentum increases.

3. TP3: $2.1500 — Support zone that may serve as a deeper pullback target.

🛡️ Stop Loss for Short: Place a stop loss just above $2.3500 to cap potential losses should the price unexpectedly rally.

$WIF