WIF/USDT - Swing Position - 
2024-12-06

Date: 06/12/24

 Name: WIF/USDT 


 Market cap 
$3.33B
5.83%
 Volume (24h) 
$1.04B
26.04%
 FDV 
$3.33B
 Vol/Mkt Cap (24h) 
30.83%
 Total supply 
998.84M WIF
 Max. supply 
--
 Circulating supply 
998.84M WIF



 Daily Time Frame – Swing Position – Long! 

 Reasons to be Bullish Case:  
 1)	Structure:  Market Structure shift
 2)	Current phase:  Pull back and consolidating (at Support), generating liquidity both side. 
 3)	Overall trend:  Continuation of Bull Trend.

 Worst case Senerios:   
4)	Bitcoin is currently at All time high, liquidation flush remaining ($75k – $80k)
5)	Due to liquidity generated and Demand zone sitting below.
6)	Invalidation below $1.82

 Trade Plans:  
BUY CMP: $3.33
DCA: $2.49 - $1.85

 Invalidation:  $1.82

 Trend Based Fibionacci Targets:  
Target 1: $6.17
Target 2: $9.09
Target 3: $10.89
Target 4: $ 13.8

 **This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **
