Trade Setup: WIF Long Position

Market Context:

WIF set in a double bottom on July 11th and has since climbed 90%, establishing a higher high and breaking the downtrend.
The price is currently retracing, and we are looking for acceptance above $2. Observing this area for signs of a bounce will help in trading the breakout while setting in a higher low.
Trade Parameters:

Entry: Enter a trade between $2 and $2.2.
Take Profit:
First target: $3
Second target: $3.6
Stop Loss: Set at a daily close below $1.90

📊 Monitor price action closely around the $2 area for signs of a bounce. Ensure to manage your risk effectively and adjust the trade if market conditions change. #WIF #TradingStrategy #CryptoTrading 🎯