The BTC strategy I shared earlier has successfully taken profit, and this trade turned out really well. The timing and confirmation have lined up, and the market at $WIF does look weak. The daily chart has been held down by the medium- and long-term moving averages, while the four-hour and one-hour charts haven't managed to turn higher either. Several rebounds have been pushed back down, and volume hasn't followed through.
When we trade, we're looking for this kind of trend-following structure. A rebound near the resistance zone is actually a good place to watch for short opportunities. If the support levels below don't hold, the downside looks clearer than the room for an upward recovery, so I'm still leaning bearish.
🔴 Trade direction: Short
📍 Entry range: 0.1621143 – 0.1631956
🛑 Stop loss: 0.1740865
🎯 Take profit 1: 0.1540812
🎯 Take profit 2: 0.1483655
🎯 Take profit 3: 0.1397918
There's no need to chase the spotlight; it will come to you in time.
Stand alongside Sister Li, and make every moment count.
#WIF
Tap below to trade 👇
When we trade, we're looking for this kind of trend-following structure. A rebound near the resistance zone is actually a good place to watch for short opportunities. If the support levels below don't hold, the downside looks clearer than the room for an upward recovery, so I'm still leaning bearish.
🔴 Trade direction: Short
📍 Entry range: 0.1621143 – 0.1631956
🛑 Stop loss: 0.1740865
🎯 Take profit 1: 0.1540812
🎯 Take profit 2: 0.1483655
🎯 Take profit 3: 0.1397918
There's no need to chase the spotlight; it will come to you in time.
Stand alongside Sister Li, and make every moment count.
#WIF
Tap below to trade 👇