This isn’t a reversal—the market’s unusual moves are speaking. $WIF The daily, four-hour, and one-hour trends are all aligned bearishly, with price holding steadily below the moving averages. In this structure, a bounce looks more like an opportunity for bears to regain ground. I’m watching volume: every rebound comes on lower volume, suggesting buyers can’t keep up while selling pressure continues to build.
The moving average above this key level is the ceiling. As long as price can’t reclaim it, the downtrend should remain intact. The logic behind opening a short here is to follow the higher-timeframe trend, not to guess at a bottom. Of course, bounces are a risk, but until the structure changes, I’d rather let profits run with the trend.
🔴 Trade direction: Short
📍 Entry range: 0.1545622 – 0.1550264
🛑 Stop loss: 0.1613950
🎯 Take profit 1: 0.1498438
🎯 Take profit 2: 0.1465435
🎯 Take profit 3: 0.1415930
Gaze upon the vastness of mountains and seas; observe the market’s smallest details.
Walk with Uncle Xiong and witness the gains and losses of the world.
#WIF
Tap below to trade 👇
The moving average above this key level is the ceiling. As long as price can’t reclaim it, the downtrend should remain intact. The logic behind opening a short here is to follow the higher-timeframe trend, not to guess at a bottom. Of course, bounces are a risk, but until the structure changes, I’d rather let profits run with the trend.
🔴 Trade direction: Short
📍 Entry range: 0.1545622 – 0.1550264
🛑 Stop loss: 0.1613950
🎯 Take profit 1: 0.1498438
🎯 Take profit 2: 0.1465435
🎯 Take profit 3: 0.1415930
Gaze upon the vastness of mountains and seas; observe the market’s smallest details.
Walk with Uncle Xiong and witness the gains and losses of the world.
#WIF
Tap below to trade 👇