Sell WIF/USDT Wedge Breakout in H4

17 paź 2024

The WIF/USDT pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Days.

Key Points:

Sell Entry: Consider entering a short position around the current price of 2.61, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 2.22
2nd Support – 2.03

Stop-Loss: To manage risk, place a stop-loss order above 3.01. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.

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Best Regards, KABHI FOREX TRADING
Thank you.

17 paź 2024

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