WIF goes sleep on a 4-Hour TimeframeKey Support and Resistance Levels
- Immediate Support : The immediate support level is around 2.9156, which aligns with the lower boundary of the upward channel.
- Immediate Resistance : The immediate resistance is near 3.1687.
- Major Resistance : The major resistance level is identified at 3.4438, which is the upper boundary of the upward channel.
- Major Support : Below the immediate support, another significant support level is around 2.7784, with a further key level at 2.4577.
Price Targets
- Bullish Scenario : If the price continues to follow the upward channel:
The first target is the resistance at 3.1687.
If it breaks this level, the next target is 3.4438.
Bearish Scenario : If the price fails to maintain the upward channel:
The first downside target is 2.9156 (lower channel boundary).
A further breakdown could lead to a test of the 2.7784 level.
Further decline may find support at 2.4577.