Are Bulls Losing Their Grip? Potential Reversal on the Horizon!

Jul 23

Yello, Paradisers! Have you been keeping an eye on #WIFUSDT impressive run since its double-bottom breakout? Well, there's a twist in the tale you need to know about!

💎After a steady climb, #WIF has hit a roadblock at the 50% Fibonacci retracement level, currently facing significant profit-taking pressure. The key Fibonacci level at 2.755 is proving to be a tough nut to crack for the bulls. If this selling pressure persists over the next few hours, the price may retest the breakthrough levels around 2.35. Below this, there's even stronger support at the 2.20 to 2.10 range. This could provide a solid foundation for a bounce back.

💎WIF will either retest lower support or bulls will need to sustain a firm grip above 2.755 to re-establish strong price momentum.

💎Strength above 2.755 pushes the upside back into 3.00 initially, followed by the 3.180 barrier. This is where both the minor horizontal resistance and the descending resistance are positioned. This is a crucial resistance to overcome. A bullish breakout over the descending resistance would be a significant success for the bulls, driving them towards the strong resistances of 3.80 to 4.05 levels.

Paradisers! be disciplined with your trading strategy, and keep mastering your willpower.

MyCryptoParadise
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