Hello everyone, let's take a look at the 4H WIF to USDT chart as we can see that the price is recovering but still above the uptrend line.
Let's start by setting goals for the near future that we can include:
T1 = $4.17
T2 = $4.83
AND
T3 = $5.91
Now let's move on to the stop-loss in case of further market declines:
SL1 = $3.66
SL2 = $3.23
SL3 = $2.55
AND
SL3 = $2.55
Looking at the RSI indicator, you can see that the local upward trend line has been broken with room for further recovery. However, the STOCH indicator also confirms a strong downward movement and there is also room for the price to go lower, which indicates extreme caution.
Let's start by setting goals for the near future that we can include:
T1 = $4.17
T2 = $4.83
AND
T3 = $5.91
Now let's move on to the stop-loss in case of further market declines:
SL1 = $3.66
SL2 = $3.23
SL3 = $2.55
AND
SL3 = $2.55
Looking at the RSI indicator, you can see that the local upward trend line has been broken with room for further recovery. However, the STOCH indicator also confirms a strong downward movement and there is also room for the price to go lower, which indicates extreme caution.