Technical analysis by FTSGroup about Symbol WIF: Buy recommendation (3/6/2025)

WIF is is at the completion zone of an informal M-shape structure completing at the 1.13 fib extension. Local price action is showing signs of accumulation with a low, lower low and now higher low. This provides the lowest risk opportunity to take a long term position. This is generally quite a high risk trade given it has made lower lows than TGE but if this cycle is real and Friday goes well, I could this this retracing to at least go see the all time .886. Trade safely! Thanks!