A shift is underway: $WIF , the chart structure is starting to send a signal, with bearish confluence across multiple timeframes. On the daily chart, price is trading below two moving averages, while the one-hour and four-hour charts are weakening in sync. This consistency suggests the bounce is more likely a correction than a reversal. Price has repeatedly tested the upper range but failed to hold above it, and volume hasn't followed through. That's where the disagreement lies—the dip buyers are still stepping in, but the structure offers no support.
I’d treat the bounce as an opportunity to set up short positions, not as a reason to chase longs. The previous low area below is the bears’ first target; only after a breakdown will the downside really open up. Of course, RSI is quite extended, so there’s a risk of a short-term rebound. Leave some room to adjust your timing.
🔴 Trade direction: Short
📍 Entry range: 0.1596017 – 0.1598413
🛑 Stop-loss: 0.1623094
🎯 Take-profit 1: 0.1577805
🎯 Take-profit 2: 0.1564865
🎯 Take-profit 3: 0.1545456
Gaze upon the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#WIF
Click below to trade 👇
I’d treat the bounce as an opportunity to set up short positions, not as a reason to chase longs. The previous low area below is the bears’ first target; only after a breakdown will the downside really open up. Of course, RSI is quite extended, so there’s a risk of a short-term rebound. Leave some room to adjust your timing.
🔴 Trade direction: Short
📍 Entry range: 0.1596017 – 0.1598413
🛑 Stop-loss: 0.1623094
🎯 Take-profit 1: 0.1577805
🎯 Take-profit 2: 0.1564865
🎯 Take-profit 3: 0.1545456
Gaze upon the vastness of mountains and seas; observe the market’s subtle shifts.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#WIF
Click below to trade 👇