The WLD strategy I just posted has already moved into profitable territory this round. Beneath the surface, the opposite direction is more worth watching. $WIF The price is being held down by the moving averages across every timeframe, from the daily chart to the hourly chart, and the bearish alignment remains intact. The price can’t reclaim either the EMA50 or EMA200, so in this kind of setup, any bounce is simply an opportunity to enter short. There’s been no buying support in the four-hour volume, and each rebound has been weak. Repeated attempts to break through key levels have failed, which shows that selling pressure overhead is real.
I’m inclined to open short positions in the area where the rebound loses steam. Start small—don’t go in heavy. There is rebound risk, but until the trend reverses, trading in line with the downward pressure is the safer play.
🔴 Trade direction: Short
📍 Entry range: 0.1505122 – 0.1510933
🛑 Stop loss: 0.1557117
🎯 Take profit 1: 0.1471210
🎯 Take profit 2: 0.1446665
🎯 Take profit 3: 0.1409848
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇
I’m inclined to open short positions in the area where the rebound loses steam. Start small—don’t go in heavy. There is rebound risk, but until the trend reverses, trading in line with the downward pressure is the safer play.
🔴 Trade direction: Short
📍 Entry range: 0.1505122 – 0.1510933
🛑 Stop loss: 0.1557117
🎯 Take profit 1: 0.1471210
🎯 Take profit 2: 0.1446665
🎯 Take profit 3: 0.1409848
Take in the vastness of mountains and seas; observe the market’s finer details.
Join Uncle Xiong and witness the gains and losses of the world.
#WIF
Click below to trade 👇