WIF/USDT - Swing Position -

Date: 06/12/24

Name: WIF/USDT


Market cap
3.33B
5.83%
Volume (24h)
1.04B
26.04%
FDV
3.33B
Vol/Mkt Cap (24h)
30.83%
Total supply
998.84M WIF
Max. supply
--
Circulating supply
998.84M WIF



Daily Time Frame – Swing Position – Long!

Reasons to be Bullish Case:
1) Structure: Market Structure shift
2) Current phase: Pull back and consolidating (at Support), generating liquidity both side.
3) Overall trend: Continuation of Bull Trend.

Worst case Senerios:
4) Bitcoin is currently at All time high, liquidation flush remaining (75k – 80k)
5) Due to liquidity generated and Demand zone sitting below.
6) Invalidation below $1.82

Trade Plans:
BUY CMP: $3.33
DCA: $2.49 - $1.85

Invalidation: $1.82

Trend Based Fibionacci Targets:
Target 1: $6.17
Target 2: $9.09
Target 3: $10.89
Target 4: $ 13.8

**This is not a financial advice, these are my personal trade journals, Do your own research before taking any action. **