WIF - Waking up from the dead?
2025-02-11
Category: None

Hey traders! 🚀 Looks like WIF is testing a major support near 0.627 USDT, a critical Gann level.
🔹 Holding above could trigger a reversal towards 0.869 - 1.191 USDT 📈
🔹 A breakdown might lead to further weakness – watch for confirmations!
-Seems like the chance to buy the hat at such cheap prices ^^
-Imho ^^, the worse is likely in and even if we get a pullback, we'll chop around near the lows.

Price at a Strong Support Zone:

The price is testing the 0.627 USDT level, which appears to be a key support in the Gann structure.
This level could act as a potential reversal zone if buyers step in.
2️⃣ Bullish Scenario (Bounce from Support)

If the price respects this support and starts forming bullish candles, we could see an upward move toward:
0.869 USDT (First resistance level)
1.191 USDT (A stronger resistance level and possible target)
3️⃣ Bearish Scenario (Breaking Support)

If 0.627 USDT is broken to the downside, the price might continue dropping toward lower levels such as:
0.400 USDT or lower, based on the Gann structure's projections.
4️⃣ How to Confirm the Direction?

Watch price action at this support level—if bullish reversal candles appear (like a hammer or bullish engulfing), it could signal a potential buy entry.
If the price closes below the support with strong bearish momentum, it could confirm further downside movement.
Watch for price action around the Gann grid lines works as your regular trend lines
it gets better when u recheck the chart after a few weeks too!
💡 Conclusion: The price is at a critical level, so we need to monitor how it reacts here before deciding on the next move! 👀📉📈

🎯 What do you think? Are we going to see a bounce or more downside? 🤔💬