WIFUSDT 1H – Bullish Breakout from Falling Channel
2025-02-16
Category: None

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.