The Trust Layer for Market Analysts

The analysis focuses on the WIFUSDT chart, interpreting price movements as potentially forming a 1-2 setup. The analyst identifies a five-wave move up to a May high following an April low, with a shallow pullback and a corrective rally. A corrective pullback suggests a possible triangle formation. The analyst tracks a potential one-two setup with a bottom last week. The chart shows a three-wave rally from a June swing low. The analysis works with levels and context, having identified a 1-2 setup last week because the pullback appeared corrective in nature. Reacting to a 61.8% retracement, the analysis points out a key level on a micro support zone, with a recent three-wave pullback and identifies 1.40 area as a strong resistance. If the August lows hold, the preference is for a move towards a 2.335 target based on a 138% extension.