The HYPE strategy setup we shared earlier has played out, and this round of profits is already secured. New developments are aligning with concrete evidence, and the $WIF chart structure is showing a clear signal. The daily price is below both moving averages, the bearish alignment remains intact, and each rebound on the four-hour chart is weaker than the last, with volume failing to pick up. Given this structure, I’m inclined to follow the trend and look for opportunities to short rallies rather than try to call a bottom.
The cluster of moving averages overhead is acting as resistance, making a rebound into that zone a likely point for bears to regain momentum. Short-term strength relative to BTC is actually a risk: once catch-up selling kicks in, the decline could gather pace. Trade with a small position, take profits in stages, and assess whether the move will continue after the key level breaks.
🔴 Trade direction: Short
📍 Entry range: 0.1578416 – 0.1581744
🛑 Stop loss: 0.1620622
🎯 Take profit 1: 0.1549674
🎯 Take profit 2: 0.1529403
🎯 Take profit 3: 0.1498996
Gaze upon the vast mountains and seas; observe the market’s finer details.
Walk with Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇
The cluster of moving averages overhead is acting as resistance, making a rebound into that zone a likely point for bears to regain momentum. Short-term strength relative to BTC is actually a risk: once catch-up selling kicks in, the decline could gather pace. Trade with a small position, take profits in stages, and assess whether the move will continue after the key level breaks.
🔴 Trade direction: Short
📍 Entry range: 0.1578416 – 0.1581744
🛑 Stop loss: 0.1620622
🎯 Take profit 1: 0.1549674
🎯 Take profit 2: 0.1529403
🎯 Take profit 3: 0.1498996
Gaze upon the vast mountains and seas; observe the market’s finer details.
Walk with Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇