Outlook on $WOLF at $34

Hello everyone, today I'd like to share my personal outlook on $WOLF, which has recently dropped quite a bit. I've actually been watching it for a while, but haven't found a moment I thought was interesting.

At the current price level around $34, it seems to be a zone worth paying special attention to. If you look at the daily chart retrospectively, you'll see that this area has been a significant support level many times. It's a zone where there's often a bounce back, or at least a significant slowdown in the decline. Previously, it tested this area and bounced back. I personally view it as a rather important 'demand zone'. Now, with such a sharp decline, we need to see if the selling pressure will truly exhaust or slow down around here.

Of course, this plan carries a relatively high risk. If $WOLF breaks below $33 with heavy volume, we might have to reconsider, because it would indicate that this important support level couldn't hold, and there's a chance it could drop further to the next support levels much lower. But if it can stabilize around here, or show a slight reversal, it's worth continuing to watch.