Is WIF about to start a new round of surge? You must know these things
In the short term of WIF, there has been a serious volume-price divergence around 3.378, and the price has begun to correct, and is currently oscillating around 3.0.
The rising market will continue to start in the future, and there are two positions that are very critical:
① If the trading volume continues to decline and the price continues to move sideways, then the current vicinity of 3.0 will be the starting point for a new round of bull market
② However, it does not rule out entering into a short-term washout pattern. Once a washout pattern appears, the vicinity of 2.626 will be the springboard for a new market.
Of course, trading is not about betting big or small. A scientific trading framework is very important.
Suggestions for spot prices are: enter the market in ambush at the current price, and place orders to increase positions near 3.0
The suggestion for the contract is: place an order near 2.658 and stop the loss near 2.55. Use a small stop loss to try and error the 1-hour support level to go long.
