Hey Traders — if you're into high-conviction setups with real momentum, this one’s for you.
WIF has been consolidating inside a falling wedge structure and is now showing signs of strength from the major horizontal support zone around $0.77. The structure is tightening, and the recent bounce from support could be the early signal of a breakout.
Here’s the trade idea:
Entry Zone: $0.77 – $0.81
Breakout Confirmation: 4H close above the wedge trendline (~$0.87)
Targets:
Target 1: $0.95
Target 2: $1.10
Target 3: $1.35
Invalidation / SL: Below $0.74
Risk-Reward: High (3R+ depending on entry)
Strategy:
Wait for a confirmed breakout with volume. Early entries around current support with tight SLs offer favorable setups if you’re comfortable with added risk.
Keep an eye on Bitcoin’s volatility and global macros, as they may influence alt momentum.
WIF has been consolidating inside a falling wedge structure and is now showing signs of strength from the major horizontal support zone around $0.77. The structure is tightening, and the recent bounce from support could be the early signal of a breakout.
Here’s the trade idea:
Entry Zone: $0.77 – $0.81
Breakout Confirmation: 4H close above the wedge trendline (~$0.87)
Targets:
Target 1: $0.95
Target 2: $1.10
Target 3: $1.35
Invalidation / SL: Below $0.74
Risk-Reward: High (3R+ depending on entry)
Strategy:
Wait for a confirmed breakout with volume. Early entries around current support with tight SLs offer favorable setups if you’re comfortable with added risk.
Keep an eye on Bitcoin’s volatility and global macros, as they may influence alt momentum.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.