WIF goes sleep on a 4-Hour Timeframe

Key Support and Resistance Levels

- Immediate Support: The immediate support level is around 2.9156, which aligns with the lower boundary of the upward channel.
- Immediate Resistance: The immediate resistance is near 3.1687.
- Major Resistance: The major resistance level is identified at 3.4438, which is the upper boundary of the upward channel.
- Major Support: Below the immediate support, another significant support level is around 2.7784, with a further key level at 2.4577.

Price Targets

-Bullish Scenario : If the price continues to follow the upward channel:

1. The first target is the resistance at 3.1687.
   
2. If it breaks this level, the next target is 3.4438.
   

Bearish Scenario: If the price fails to maintain the upward channel:

1. The first downside target is 2.9156 (lower channel boundary).
   
2. A further breakdown could lead to a test of the 2.7784 level.
   
3. Further decline may find support at 2.4577.
   

Commentaire:

Reached Immediate support price $2.92, then bounced up, currently at a resistance price $3.17