Technical analysis by King_BennyBag about Symbol WIF: Buy recommendation (6/1/2025)

Chart Overview- Bullish Bat Pattern, suggesting potential reversal near completion point D.- Price recently completed the pattern, currently near trendline and 0.618 Fib retracement zone.- (OBV) broke out of consolidation, hinting potential volume shift.Demand Zone / Support- Demand Zone: $0.30–$0.41 (green box ).- Key Trendline Support: Rising trendline from May remains intact.Supply Zone / ResistanceSupply Zone: $1.18 – $1.38 (purple box).This area aligns with the high volume node on the right-side volume profile.Strong rejection likely if price approaches without major breakout.Volume ProfileHigh Volume Node (HVN): $1.06 - $1.15 , confirming strong interest/previous consolidation.Low Volume Node (LVN): $0.80 – $0.95 , suggesting potential fast moves up/down.Fair Value Gaps (FVG)First FVG: ~$0.96 – $0.98Second FVG: ~$0.89 - $0.92These are targets if price moves upward.Fibonacci Levels- 0.618 retracement (~$0.85) aligns near trendline — major confluence.- 0.786 retracement (~$0.71) rests below trend line. Bullish Scenario- Price holds above 0.618 Fib (~$0.85) and bullish trendline.- Breaks above to fill FVG and move toward $1+.- OBV breakout supports accumulation and incoming demand.Bearish Scenario- Price breaks below $0.65 and loses trendline.- Bearish invalidation of Bat pattern, opening room to drop to:- Fib Lev 1 or deeper into the $0.50–$0.40 zone.- Volume fades on OBVRisks- Trendline Break: Potential aggressive sell-off.- Volume Drop: If OBV rally fails, buyers dry up.- Macro/Sentiment: WIF is meme-sensitive.SummaryBullish Bat completion with price testing a high-confluence zone (trendline + 0.618 Fib).Many upside targets with FVGs.If Price breaks below trend line and 0.65, bullish/long predictions will be invalid.Just as predicted. Price rejected off the Golden pocket - failing to break below and test the swing low. Both short term targets (FVG) zones successfully filled. Stay tuned!Just as stated!WIF BROKE above both FVG zones, fulfilling the first 2 TPs, (FVG zones)This was a successful trade. Stop loss has now been moved up to the swing low.Our next goal is to it the supply zone, for this we will need to break above and stay above the previous high (candle)