In the midst of undercurrents, staying calm is all the more important. The daily chart structure for $WIF is very clear: the price is trading below both moving averages, the bearish alignment remains intact, and every rebound has failed to reclaim a key level. At this point, I lean toward following the broader structure rather than letting a short-term bounce dictate the pace.
There has been no surge in volume to signal a trend-reversing breakout, which suggests overhead selling pressure remains. As long as the rebound fails to hold, a move down to test the previous low is more likely. That’s why I’ve chosen a bearish position here.
🔴 Trade direction: Short
📍 Entry range: 0.1618210 – 0.1620981
🛑 Stop loss: 0.1651316
🎯 Take profit 1: 0.1595805
🎯 Take profit 2: 0.1579944
🎯 Take profit 3: 0.1556155
Take in the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇
There has been no surge in volume to signal a trend-reversing breakout, which suggests overhead selling pressure remains. As long as the rebound fails to hold, a move down to test the previous low is more likely. That’s why I’ve chosen a bearish position here.
🔴 Trade direction: Short
📍 Entry range: 0.1618210 – 0.1620981
🛑 Stop loss: 0.1651316
🎯 Take profit 1: 0.1595805
🎯 Take profit 2: 0.1579944
🎯 Take profit 3: 0.1556155
Take in the vastness of mountains and seas; observe the market’s subtle movements.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇