📉 WIF 4H: Floor Cracked, Waiting for the Retest Short
⠀
📊 Market state: Downtrend. Price 0.1691 (-4.8% 24H) is below EMA200 0.1981, and EMA50 0.1794 keeps sloping down. Lower highs 0.1807 → 0.1781 → 0.1765 → 0.1725, and the 0.1711-0.1729 floor just broke.
⠀
🎯 Plan (SHORT)
Retest zone: 0.1711-0.1729 (old floor, EMA20 0.1755 just above as moving resistance)
Activation: a 4H rejection candle closing below 0.1700
Invalidation: a 4H close above 0.1729 before activation = setup void
⠀
🛑 Stop loss: 0.1776 (above the 0.1765 swing high + 0.3×ATR)
⠀
✅ Targets
TP1 0.1557 (Oct 30 wick low) – 1.9R
TP2 0.1500 (July range floor) – 2.6R
TP3 0.1410 (July 24 low) – 3.8R
⠀
⚖️ Risk: size so a stop-out costs 1% of capital (stop is ~4.5% away). 0.1647 may cause a bounce on the way. Confidence: medium.
⠀
Not financial advice. DYOR.
⠀
🔔 Follow for fresh setups every day
$WIF $BTC
#WIF #Memecoins #TechnicalAnalysis #BinanceSquare
⠀
📊 Market state: Downtrend. Price 0.1691 (-4.8% 24H) is below EMA200 0.1981, and EMA50 0.1794 keeps sloping down. Lower highs 0.1807 → 0.1781 → 0.1765 → 0.1725, and the 0.1711-0.1729 floor just broke.
⠀
🎯 Plan (SHORT)
Retest zone: 0.1711-0.1729 (old floor, EMA20 0.1755 just above as moving resistance)
Activation: a 4H rejection candle closing below 0.1700
Invalidation: a 4H close above 0.1729 before activation = setup void
⠀
🛑 Stop loss: 0.1776 (above the 0.1765 swing high + 0.3×ATR)
⠀
✅ Targets
TP1 0.1557 (Oct 30 wick low) – 1.9R
TP2 0.1500 (July range floor) – 2.6R
TP3 0.1410 (July 24 low) – 3.8R
⠀
⚖️ Risk: size so a stop-out costs 1% of capital (stop is ~4.5% away). 0.1647 may cause a bounce on the way. Confidence: medium.
⠀
Not financial advice. DYOR.
⠀
🔔 Follow for fresh setups every day
$WIF $BTC
#WIF #Memecoins #TechnicalAnalysis #BinanceSquare
