WIF/USD – Key Levels to Watch & Potential Breakout Setup

WIF/USD is currently consolidating near $0.89, trading within a key range between support at $0.83 and resistance near $0.98–$1.06.

Key Observations:
Support Zone: $0.83 – $0.80 has held multiple times, showing strong buying interest.
Deciding Channel: Price remains within a downward-sloping channel; a breakout above it could trigger bullish momentum.

Consolidation: Price action suggests accumulation; watch for a potential breakout above $0.98–$1.06 for continuation.
Resistance Levels: $0.98 → $1.06 → $1.14 are the next zones to monitor if bullish breakout occurs.

Possible Scenarios:
1. Bullish: A bounce from $0.83 or breakout above $0.98 could send price toward $1.06–$1.14.
2. Bearish: If $0.83 fails, we may see further downside toward $0.80 or even $0.70.

Conclusion:
WIF/USD is at a critical decision point. Traders should watch for breakout confirmation with volume and manage risk accordingly.