đ» $WIF /USDT â The Bounce Is Under Pressure
$WIF /USDT â đą SHORT · Conf 84%
Trade Plan:
đŻ Entry: 0.1758571 â 0.1769429
đ SL: 0.1883805
đč TP1: 0.1674146
đč TP2: 0.1614244
đč TP3: 0.1524390
Why this setup?
Why now? $WIF remains under pressure on the higher timeframe. On the 4H chart, price is trading around $0.1781, below MA(7) $0.17849, MA(25) $0.18609 and MA(99) $0.20008, keeping the broader structure tilted bearish.
External technical readings are also currently bearish, with major moving averages showing sell signals and momentum indicators such as MACD remaining negative. RSI is around the high-30s, meaning downside momentum is active but the market is approaching an area where a relief bounce can appear.
The key zone is $0.17586â$0.17694. If WIF retests this area and sellers defend it, the next downside levels come into focus:
TP1: $0.16741
TP2: $0.16142
TP3: $0.15244
The recent chart low around $0.17310 is the immediate level to watch. A clean break could accelerate the move toward the lower targets.
â ïž However, WIF is a high-volatility meme asset, so a sharp short squeeze remains possible. Recent analysis also highlights the $0.175â$0.180 zone as important support, meaning losing it would be significant, but holding it could trigger a bounce.
đ„ Key Levels
Resistance: 0.1769 â 0.1861 â 0.2001
Support: 0.1731 â 0.1674 â 0.1614 â 0.1524
Invalidation: 0.19652 â a sustained reclaim above this level would seriously weaken the bearish thesis.
đŹ Debate:
Are we sliding cleanly toward TP2 at $0.1614, or is $0.1731 about to become the launchpad for another WIF squeeze? đđ„
Click here to view the chart đïž
#FedRateWatch
$WIF /USDT â đą SHORT · Conf 84%
Trade Plan:
đŻ Entry: 0.1758571 â 0.1769429
đ SL: 0.1883805
đč TP1: 0.1674146
đč TP2: 0.1614244
đč TP3: 0.1524390
Why this setup?
Why now? $WIF remains under pressure on the higher timeframe. On the 4H chart, price is trading around $0.1781, below MA(7) $0.17849, MA(25) $0.18609 and MA(99) $0.20008, keeping the broader structure tilted bearish.
External technical readings are also currently bearish, with major moving averages showing sell signals and momentum indicators such as MACD remaining negative. RSI is around the high-30s, meaning downside momentum is active but the market is approaching an area where a relief bounce can appear.
The key zone is $0.17586â$0.17694. If WIF retests this area and sellers defend it, the next downside levels come into focus:
TP1: $0.16741
TP2: $0.16142
TP3: $0.15244
The recent chart low around $0.17310 is the immediate level to watch. A clean break could accelerate the move toward the lower targets.
â ïž However, WIF is a high-volatility meme asset, so a sharp short squeeze remains possible. Recent analysis also highlights the $0.175â$0.180 zone as important support, meaning losing it would be significant, but holding it could trigger a bounce.
đ„ Key Levels
Resistance: 0.1769 â 0.1861 â 0.2001
Support: 0.1731 â 0.1674 â 0.1614 â 0.1524
Invalidation: 0.19652 â a sustained reclaim above this level would seriously weaken the bearish thesis.
đŹ Debate:
Are we sliding cleanly toward TP2 at $0.1614, or is $0.1731 about to become the launchpad for another WIF squeeze? đđ„
Click here to view the chart đïž
#FedRateWatch