The SPCX strategy setup I shared earlier played out as expected, and we’ve securely taken profits on this move. Looking calmly at this high-reward setup, both the daily and four-hour charts for $WIF are below the moving averages, and the bearish alignment remains intact. The rebound stalled at the upper edge of the previous high-volume trading zone, and volume failed to pick up. Shorting here feels more comfortable than chasing the move down.
BTC is weakening in sync, and that correlation will only amplify the downside for smaller coins. I’m in no rush to add to the position. I’ll first see whether we can take profit smoothly near the initial target, then decide whether to move up the stop to protect gains. Until the structure turns, the short thesis remains valid.
🔴 Trade direction: Short
📍 Entry range: 0.1574735 – 0.1579427
🛑 Stop loss: 0.1624821
🎯 Take profit 1: 0.1541276
🎯 Take profit 2: 0.1517407
🎯 Take profit 3: 0.1481602
Take in 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
Click below to trade 👇
BTC is weakening in sync, and that correlation will only amplify the downside for smaller coins. I’m in no rush to add to the position. I’ll first see whether we can take profit smoothly near the initial target, then decide whether to move up the stop to protect gains. Until the structure turns, the short thesis remains valid.
🔴 Trade direction: Short
📍 Entry range: 0.1574735 – 0.1579427
🛑 Stop loss: 0.1624821
🎯 Take profit 1: 0.1541276
🎯 Take profit 2: 0.1517407
🎯 Take profit 3: 0.1481602
Take in 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
Click below to trade 👇