Technical analysis by aliaezaaz about Symbol WIF: Buy recommendation (3/27/2025)

Trend & Structure Price appears to be forming higher lows (as shown by the ascending trendline). The 50 EMA (red line) is now below the price, suggesting a potential shift in momentum. 92 % Probability signal indicating bullish momentum building up. Key Levels Support: Around the ascending trendline near 0.54–0.56. Resistance: Notable resistance levels near 0.60–0.62 and higher at 0.65–0.70. Proposed Long Entry 🚀 Entry (Long): Consider entering around the current price (0.56–0.57) or on a small pullback toward the trendline (if it retests around 0.55–0.56). Stop Loss 🛑 Stop Loss: Place a stop below the ascending trendline or a recent swing low to protect against a breakdown. An example might be near 0.53 or slightly lower, depending on your risk tolerance. Profit Targets 🎯 Target 1: 0.60–0.62 (near recent highs / local resistance). 🎯 Target 2: 0.65–0.70 (if momentum continues and breaks through the first resistance zone). Risk Management Use position sizing that limits your account risk to 1–2% (or your preferred level). Consider moving your stop loss to breakeven once price reaches the first target or forms a new higher low.