🔥 WIF/USDT: consolidation before a breakout or a bull trap?
Brief situation overview:
$WIF is trading near 0.379, forming a tight range after an impulse rally. Price is holding close to key EMAs — the market is paused, awaiting direction. The likelihood of breaking out of consolidation in the near term is increasing.
📊 Indicators (briefly):
EMA 21 / EMA 50: 0.381 / 0.377 — price between averages, support zone remains intact
RSI (49.68): neutral, room for upward movement
StochRSI (19.48): close to oversold → potential for rebound
MACD: lines near crossover — signal of a short-term momentum shift
🧭 Trading Plan
Primary scenario: Long
🎯 Targets:
0.395 — +4.23%
0.410 — +8.19%
0.425 — +12.14%
📍 Entry Points:
Aggressive: 0.375 — bounce from local support
Conservative: 0.384 — after confirmation of upward momentum
🛑 Stop-loss: 0.350 (below key support zone)
✅ Summary
WIF/USDT appears ready to break out of the accumulation phase. As long as EMA50 is held and volume confirms the upward breakout, the long bias remains. Trade carefully, strictly follow the plan, and manage risk 🚀
Trading 👉$WIF
