Once the dust settles, the market structure for $WIF has made things quite clear. The daily price is below two key moving averages, and the four-hour chart shows no signs of a turnaround. The RSI is still in the weak zone, with sellers in control. This multi-timeframe alignment to the downside makes any rebound look more like an opportunity for bears to enter than a trend reversal.
I’m watching the dense trading zone above. If momentum fails to pick up after the price retraces into it, further downside is more likely. There are no signs of accumulation for now, and volume has yet to show any support. Until the structure breaks down, I’m maintaining a bearish bias.
🔴 Trade direction: Short
📍 Entry range: 0.1686732 – 0.1691020
🛑 Stop loss: 0.1731307
🎯 Take profit 1: 0.1657052
🎯 Take profit 2: 0.1635837
🎯 Take profit 3: 0.1604013
Take in the vastness of mountains and seas; observe the market’s subtleties.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇
I’m watching the dense trading zone above. If momentum fails to pick up after the price retraces into it, further downside is more likely. There are no signs of accumulation for now, and volume has yet to show any support. Until the structure breaks down, I’m maintaining a bearish bias.
🔴 Trade direction: Short
📍 Entry range: 0.1686732 – 0.1691020
🛑 Stop loss: 0.1731307
🎯 Take profit 1: 0.1657052
🎯 Take profit 2: 0.1635837
🎯 Take profit 3: 0.1604013
Take in the vastness of mountains and seas; observe the market’s subtleties.
Walk alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇