WIF is not overextended; the trend is just starting

🔴 SHORT $WIF /USDT: expecting price to go DOWN
Bias: SHORT · Strong

Entry: 0.1913966 – 0.1922034
TP1: 0.1860662 (-3.0%)
TP2: 0.1822436 (-5.0%)
TP3: 0.1765098 (-8.0%)
SL: 0.1994451 (+4.0%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? WIF checklist: 7/12 agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• Sellers are driving the move (15m ADX 32.0)
Watch: The idea is wrong if price reaches the stop at 0.1994451

Net read: The 4h trend shows a bearish stack, meaning the swing trend is down, and the 1h trend also shows a bearish stack, meaning the short-term trend is down. The main risk is the daily trend is mixed and undecided because the EMAs are not stacked.

Do you see a different level for the invalidation?

Full setup on the chart below.

📲 Want more of my latest signals? Join me here:
https://app.binance.com/uni-qr/D26WbL9t

⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.