WIFUSDT Buy Opportunity around psychological level
2024-11-19

WIFUSDT has recently broken and closed above an extended consolidation zone, signaling strong bullish momentum. Following this breakout, the price has pulled back, potentially retesting the support level at $3.00, which aligns with both a psychological level and the upper boundary of the previous consolidation zone. This pullback appears to be forming an ABCD pattern, suggesting a potential buying opportunity. In the short term, the target is the resistance zone around $4.20, with a longer-term objective near $7.00. Monitoring the price action around the $3.00 support level will be crucial to confirm a reversal and continuation of the upward trend