【$WIF Signal】Long | 1H breakout retest confirmation, clear intention of funds supporting the market

$WIF The 1H timeframe is consolidating strongly above EMA20, just completed a breakout retest of the previous high at 0.2335. The 4H timeframe has stabilized above EMA50 and formed an upward channel, open interest remains stable, price is holding firm, and signs of main force support are clear. Currently, the 1H RSI is somewhat high, but under strong momentum, a retest is an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2345 - 0.2355 (Reason: Dynamic support from 1H EMA20 + above previous breakout level at 0.2335)

🛑Stop Loss: 0.2290 (Reason: Break below the 4H bullish candle starting point at 0.2295 and EMA50 support)

🚀Target 1: 0.2420 (Reason: Previous high resistance and 1.272 Fibonacci extension level)

🚀Target 2: 0.2480 (Reason: 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Multi-timeframe resonance, risk-reward ratio >1.5)

- Execution strategy: After price reaches 0.2420, reduce position by 50% and move stop loss to entry price 0.2355. For the remaining position, aim for Target 2, and if the price retests the lower boundary of the entry zone, consider adding a small amount.

Deep logic: Price has consecutively closed bullish on the 4H cycle, with increased buy volume. Although current buy depth is slightly weaker than sell depth (-6.45%), the price refuses to undergo a deep correction, indicating that bearish pressure is effectively absorbed. Open interest remains stable and has not significantly decreased with price rise, suggesting that long positions are solid and not just a short squeeze. The 1H timeframe has completed a retest of the breakout level, a classic breakout-retest-continuation pattern.

Trade here 👇 $WIF

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