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WIFUSD: Oversold setup with Bullish Divergence
WIFUSD is shaping up for a bullish reversal! Here's what I’m seeing:
1️⃣ RSI is below 30, indicating oversold conditions.
2️⃣ Stoch RSI (SRSI) is below 20, further confirming oversold territory.
3️⃣ RSI Bullish Divergence suggests momentum is shifting upward.
4️⃣ SRSI Hidden Bullish Divergence adds strength to the setup.
Price is sitting on major support around $1.37, making this a key level to watch. If the market respects this level, we could see a strong bounce from here. My short-term target is [Insert Your Target Here, e.g., $1.60], while I’d place a stop-loss below support at $1.30 to manage risk.
What do you think? Will WIFUSD bounce here? Let me know in the comments! 📊💬
1️⃣ RSI is below 30, indicating oversold conditions.
2️⃣ Stoch RSI (SRSI) is below 20, further confirming oversold territory.
3️⃣ RSI Bullish Divergence suggests momentum is shifting upward.
4️⃣ SRSI Hidden Bullish Divergence adds strength to the setup.
Price is sitting on major support around $1.37, making this a key level to watch. If the market respects this level, we could see a strong bounce from here. My short-term target is [Insert Your Target Here, e.g., $1.60], while I’d place a stop-loss below support at $1.30 to manage risk.
What do you think? Will WIFUSD bounce here? Let me know in the comments! 📊💬
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