The ETH strategy I shared earlier has now successfully captured its profit potential for this round. Don’t let the calm throw you off—the unusual price action is what matters. $WIF is below the moving averages on both the four-hour and hourly charts, and the bearish alignment remains intact. In this structure, a rebound looks more like an opportunity to position for a short. The daily chart is still moving within a range, but the shorter timeframes have already weakened, and volume hasn’t shown convincing support.
I’m watching the dense resistance zone above. If the price returns to test it, sellers are likely to push back, especially since momentum indicators are weak and each rebound has been losing strength. The real warning sign would be a sudden, high-volume rally above the previous high—that would invalidate this thesis. Otherwise, the area around the previous low looks like the stronger draw to the downside.
🔴 Trade direction: Short
📍 Entry range: 0.1956643 – 0.1960735
🛑 Stop loss: 0.2009891
🎯 Take profit 1: 0.1920288
🎯 Take profit 2: 0.1894687
🎯 Take profit 3: 0.1856285
Take in the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#WIF
Click below to trade 👇
I’m watching the dense resistance zone above. If the price returns to test it, sellers are likely to push back, especially since momentum indicators are weak and each rebound has been losing strength. The real warning sign would be a sudden, high-volume rally above the previous high—that would invalidate this thesis. Otherwise, the area around the previous low looks like the stronger draw to the downside.
🔴 Trade direction: Short
📍 Entry range: 0.1956643 – 0.1960735
🛑 Stop loss: 0.2009891
🎯 Take profit 1: 0.1920288
🎯 Take profit 2: 0.1894687
🎯 Take profit 3: 0.1856285
Take in the vastness of mountains and seas; observe the market’s every nuance.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#WIF
Click below to trade 👇