The ZRO strategy shared earlier has successfully captured its profit potential. Now that confirmation has emerged, the market structure of $WIF is sending a signal. Price is below the moving averages on every timeframe, from the daily chart down to the hourly chart. This isn’t noise on a single timeframe, but a bearish alignment across three timeframes. As the rebound enters the upper range, volume contracts noticeably, suggesting limited follow-through from buyers—it looks more like short-covering than a trend reversal.
After losing a key level, price retested it and confirmed the breakdown. Structurally, this supports a continued move lower in search of liquidity. At this point, I’d rather wait for the rebound to fade before entering than chase the candles. The risk is that if price strongly reclaims the resistance above, the entire bearish thesis will need to be reconsidered, so the invalidation level must be clear.
🔴 Trade direction: Short
📍 Entry range: 0.1682373 – 0.1686007
🛑 Stop loss: 0.1721366
🎯 Take profit 1: 0.1656308
🎯 Take profit 2: 0.1637720
🎯 Take profit 3: 0.1609838
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Tap below to trade 👇
After losing a key level, price retested it and confirmed the breakdown. Structurally, this supports a continued move lower in search of liquidity. At this point, I’d rather wait for the rebound to fade before entering than chase the candles. The risk is that if price strongly reclaims the resistance above, the entire bearish thesis will need to be reconsidered, so the invalidation level must be clear.
🔴 Trade direction: Short
📍 Entry range: 0.1682373 – 0.1686007
🛑 Stop loss: 0.1721366
🎯 Take profit 1: 0.1656308
🎯 Take profit 2: 0.1637720
🎯 Take profit 3: 0.1609838
Behold the vastness of mountains and seas; observe the market’s finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Tap below to trade 👇