WIFUSDT 1H – Bullish Breakout from Falling Channel
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.
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.