$WLFI Resistance Test, Breakout or Rejection?
Long WLFI Trading Plan (20x)
Entry: 0.0592 – 0.0599
SL: 0.0584
TP1: 0.0608
TP2: 0.0620
TP3: 0.0640
WLFI is testing the resistance zone of 0.0592 – 0.0599. The question is: will there be a breakout or a rejection? This zone is worth trying a long position with controlled risk. If the breakout is successful, the targets above are entirely achievable.
The stop loss is placed very close below 0.0584 – a fairly clean zone. If this level is breached, the long scenario will be invalidated.
Step-by-step targets: 0.0608 → 0.0620 → 0.0640. Each take profit (TP) is quite far apart (~1.5-3.5% from entry), be patient and take profits gradually.
The distance from entry to stop loss (SL) is very close (~1.3-2.5%). Suitable for a short-term long trade. Enter small positions and set stop losses correctly.
Check the resistance level for a breakout or rejection? Have you entered yet? Comment to discuss! 🚀