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WIF has been rallying since rebounding from the end of December. It is now facing a resistance level test. The chart structure indeed looks quite healthy, but there is a detail worth noting — the RSI is approaching 70.
What does this often imply? The probability of a short-term correction is increasing. Many people tend to chase the high at this time, but the results are often not ideal. Instead of doing that, it's better to be patient and wait. The real opportunity might be at the $0.36 level. If it can retrace to this point, it could serve as a more solid entry point.
The market is always changing, and that is the only constant. Smart traders never fight the trend; they go with the rhythm.