【Watching the Decline】
WLFI current price 0.0521; down 5.96% over the past 24 hours; still down 8.76% over the past 7 days; intraday range 0.0473–0.0571.
WLFI intraday 0.0473–0.0571; the rebound has no volume; the 7-day candles are still closing bearish.
A one-day rebound has not reversed the weakness of the weekly trend; selling pressure is still being released continuously.
Near-term bias remains bearish.
【Reasons for the Bearish View】
Trailing/breaking down is the most painful for trend stocks; WLFI’s 7-day drop of 8.76% still hasn’t fully played out.
Until the rebound comes with volume and breaks above 0.0571, treat it as weak consolidation.
$WLFI #WLFI
WLFI current price 0.0521; down 5.96% over the past 24 hours; still down 8.76% over the past 7 days; intraday range 0.0473–0.0571.
WLFI intraday 0.0473–0.0571; the rebound has no volume; the 7-day candles are still closing bearish.
A one-day rebound has not reversed the weakness of the weekly trend; selling pressure is still being released continuously.
Near-term bias remains bearish.
【Reasons for the Bearish View】
Trailing/breaking down is the most painful for trend stocks; WLFI’s 7-day drop of 8.76% still hasn’t fully played out.
Until the rebound comes with volume and breaks above 0.0571, treat it as weak consolidation.
$WLFI #WLFI
