📢 Follow for Daily Updates! 🔥
📊 Short-Term Analysis for
$WIF /USDT (15m - 1h - 4h) 🔥
📉 Why a Short Trade?
1️⃣ Key Resistance at $0.540 - $0.550 🚧
WIF is struggling to reclaim $0.540, showing signs of weakness.
If price stays below $0.530, expect a potential drop toward $0.500 - $0.480.
2️⃣ Lower Highs Formation 📉
WIF is forming lower highs, indicating bearish momentum.
A break below $0.520 could trigger a stronger downside move toward $0.500.
3️⃣ Decreasing Volume, Sellers Gaining Control 📊
🔹 24H Volume: 60.54M USDT – Declining buying pressure.
🔹 If WIF fails to reclaim $0.540, expect further downside toward $0.500.
4️⃣ Key Support at $0.500 - $0.480 🛑
A breakdown below $0.500 will confirm further downside toward $0.460.
Watch for a strong bearish candle with volume for confirmation.
---
📊 Short-Term Trade Setup (15m - 1h - 4h) 📊
🔹 Short Entry: $0.530 - $0.535 (On pullbacks)
🎯 Targets: $0.520, $0.500, and $0.480
🛑 Stop Loss: $0.550 (Above resistance)
🔸 Breakdown Confirmation:
✅ If $0.520 breaks, expect a move toward $0.500.
✅ If WIF reclaims $0.550, consider exiting shorts.
⚠️ Risk Management:
🔸 Keep SL tight above $0.550 to avoid fakeouts.
🔸 Watch volume & price action for bearish continuation confirmation.
📉 Overall Bias: Bearish (As long as $0.540 holds as resistance)
#WIF #WİF #WIFUSDT #Write2Earn #TrendingTopic