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WIF

WIF Eyes $1.18 Recovery — Wait for Weakness Before Buying

I expect WIF to attempt a recovery to the $1.18 resistance level within the next two weeks, but I’m cautious given current bearish momentum.

I’ll be watching for a clear trend reversal or a pullback to a better entry before committing capital; I wouldn’t chase strength right now.

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Analysis

Technically, $1.18 is a near-term resistance target, yet momentum indicators are signaling downside pressure; the setup offers potential upside if a reversal occurs, but risk of a failed breakout is e...

Recommendation

Monitor price action and consider buying on weakness or after momentum confirms a reversal; avoid entering amid current bearish signals.

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.

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