WIF Eyes $1.18 Recovery in Two Weeks, Momentum Warns
I see WIF aiming to recover to the $1.18 resistance within roughly two weeks based on recent price structure.
However, bearish momentum indicators and weak volume suggest the move could be fragile and prone to rejection.
I’m cautious about entering now; I’ll wait for a confirmed breakout above $1.18 or look for lower-risk entries on clear pullbacks with improving momentum.
Analysis
Technical setup points to a near-term test of $1.18, yet momentum and volume readings are bearish, increasing failure risk; trade with tight risk controls.
Recommendation
Watch for a decisive breakout above $1.18 or consider buying on weakness after momentum improves; avoid aggressive entries until confirmation.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.