💥A good entry is the key to great success💵

💥WIF/USDT: Bullish bounce or trap for bulls?

On the hourly chart, WIF/USDT price reached a low of 0.369 and bounced back to 0.384. The technical picture shows an attempt to recover, but the indicators give mixed signals.

🚨Indicators:

EMA(21): 0.396, price below — risk of continued decline.

RSI(14): 37.30, oversold zone, reversal not yet confirmed.

MACD: weak, in the negative zone — no buy signal.

Stochastic RSI: oversold, but no confirmation of growth.

Scenario: watch for a potential bullish bounce, considering the chance of continued decline.

🎯Targets:
1️⃣ 0.400 (+4.2%)
2️⃣ 0.420 (+9.1%)
3️⃣ 0.440 (+15.4%)

➡️Entry points:

Conservatively: above 0.396 after confirmation of the bounce.

Aggressively: at 0.384 with confirmation of reversal.

⛔️Stop-loss: 0.365 — to limit losses in case of decline.

⚠️ The current situation is ambiguous: a potential bullish bounce may turn into a trap for bulls, so it's important to act with caution.

Spot trading 👉$WIF

Futures 👇
{future}(WIFUSDT)