$WIF The daily trend is bearish, but the four-hour chart is currently fluctuating and trying to reverse. The one-hour chart shows that the price is below the 50-day exponential moving average, but this average is still above the 200-day exponential moving average, indicating the potential for a change. The one-hour Relative Strength Index (RSI) is in the oversold area at 40.38, suggesting an imminent rebound. The entry signal is a break of the 15-minute Relative Strength Index (RSI) above the 50 level, confirming a shift in short-term momentum to positive. This is the early entry point for a price return towards the upper levels of the four-hour range. A rebound from these one-hour oversold levels could lead to a sharp upward movement.
Actionable setup now (buy)
Entry point: market at 0.403631 - 0.406965
First target: 0.4153
Second target: 0.418634
Third target: 0.425302
Stop loss: 0.395296
Please follow up
WIF
0.391
-4.16%