I looked at the candlestick chart for $WLFI over and over again, and the more I think about it, the more I feel like this move is at its end.
The divergence between price and volume is too obvious: the price is making new highs, but the trading volume can’t keep up. This suggests that even the people pushing the rally don’t have much confidence. A rally on weak volume simply can’t go very far.
In terms of execution, my strategy is very simple: place short orders in batches between 0.05490 and 0.05773. If it breaks below 0.04811, hold on to the position. If it breaks back upward beyond 0.05943, admit I’m wrong and exit.
The above is my personal trading log and does not constitute investment advice. Whether I’m right or wrong is on me—don’t blame others.
$WLFI #K线分析 #合约交易 #Resistance level
The divergence between price and volume is too obvious: the price is making new highs, but the trading volume can’t keep up. This suggests that even the people pushing the rally don’t have much confidence. A rally on weak volume simply can’t go very far.
In terms of execution, my strategy is very simple: place short orders in batches between 0.05490 and 0.05773. If it breaks below 0.04811, hold on to the position. If it breaks back upward beyond 0.05943, admit I’m wrong and exit.
The above is my personal trading log and does not constitute investment advice. Whether I’m right or wrong is on me—don’t blame others.
$WLFI #K线分析 #合约交易 #Resistance level