Technical analysis by ferdontknow about Symbol WIF: Buy recommendation (2/15/2025)

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: ~1:3Invalidation: 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.