WIF long
2025-01-23
Category: None

Rationale:
 
 Bullish Divergence: 1D MACD shows a classic bullish divergence. Price is making lower lows, while MACD is forming higher lows. This suggests weakening bearish momentum and potential for a bullish reversal.
 Demand Zone: Current price action is within a previously identified Demand Zone. This area has historically seen strong buying pressure, providing a potential support level for the price.
 Trend Change: The CHOCH indicator has recently transitioned from a downtrend to an uptrend. This confirms a shift in market sentiment and increases the probability of further upward price movement.
