WIFUSDT 1H – Bullish Breakout from Falling Channel
The chart shows WIFUSDT breaking out of a falling channel and retesting a key resistance-turned-support zone.
Setup:
The price broke out of the descending channel.
Retesting the breakout zone (yellow box) around 0.7000 - 0.7200.
Potential bullish continuation if support holds.
Entry:
📌 Long entry: 0.6800 - 0.7000 (on retest of support).
Stop-Loss:
⚠️ 0.6500 (below the breakout structure to avoid fakeouts).
Take-Profit Targets:
✅ TP1: 0.7500 (previous structure resistance).
✅ TP2: 0.8200 (next major resistance).
Risk Management:
Risk-Reward Ratio: ~1:3
Invalidation: If price closes below 0.6500, bears regain control.
🚀 Plan: If the support zone holds, expect bullish momentum toward the targets. If it fails, re-evaluate for bearish continuation.
Trading is risky! No setup is 100% correct. Manage your risk properly.
Setup:
The price broke out of the descending channel.
Retesting the breakout zone (yellow box) around 0.7000 - 0.7200.
Potential bullish continuation if support holds.
Entry:
📌 Long entry: 0.6800 - 0.7000 (on retest of support).
Stop-Loss:
⚠️ 0.6500 (below the breakout structure to avoid fakeouts).
Take-Profit Targets:
✅ TP1: 0.7500 (previous structure resistance).
✅ TP2: 0.8200 (next major resistance).
Risk Management:
Risk-Reward Ratio: ~1:3
Invalidation: If price closes below 0.6500, bears regain control.
🚀 Plan: If the support zone holds, expect bullish momentum toward the targets. If it fails, re-evaluate for bearish continuation.
Trading is risky! No setup is 100% correct. Manage your risk properly.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.