The XRP strategy setup we shared earlier has played out, and this round of profits has been secured. The divergence that follows a sudden move is often the real signal. The daily chart for $WIF is already very clear—the price is below the medium-term moving averages, which are aligned bearishly, and each rebound is weaker than the last. On the four-hour chart, sellers are still setting the pace. Every bounce lacks volume support, suggesting that overhead selling pressure has not been absorbed.
Given this structure, I’m inclined to follow the broader trend. A rebound toward the previous consolidation zone could be where bears step back in, and the downside looks more promising than the resistance overhead. Of course, if price holds above the moving averages on strong volume, the outlook will need to be reassessed.
🔴 Trade direction: Short
📍 Entry range: 0.1511460 – 0.1517592
🛑 Stop loss: 0.1585068
🎯 Take profit 1: 0.1461620
🎯 Take profit 2: 0.1426349
🎯 Take profit 3: 0.1373443
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#WIF
Click below to trade 👇
Given this structure, I’m inclined to follow the broader trend. A rebound toward the previous consolidation zone could be where bears step back in, and the downside looks more promising than the resistance overhead. Of course, if price holds above the moving averages on strong volume, the outlook will need to be reassessed.
🔴 Trade direction: Short
📍 Entry range: 0.1511460 – 0.1517592
🛑 Stop loss: 0.1585068
🎯 Take profit 1: 0.1461620
🎯 Take profit 2: 0.1426349
🎯 Take profit 3: 0.1373443
Gaze upon the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong on the journey, and witness the gains and losses of the world.
#WIF
Click below to trade 👇