WIFUSDT long using proprietary multi-timeframe trend detection
2024-10-17

Following an initial tap of the liquidity at the last significant high back in July, we've seen a retrace back down to our short term trend (13D EMA). 

I like the reaction we've seen there today and am taking an early stab at a long with half size here (because not all of my LTF buy signals have triggered as of yet. 

First TP level will be the next logical D1 resistance that'll likely cause a bit of a pullback.

Entry: 2.5579
SL: 2.4914
TP: 3.2127

Short term I'd like to see the H4 close back above the short term trend around 2.70 as this would signal a confirmation of reversal.

 