Short on WIFUSDT hit TP2 ๐ฏ Spot moved +2.24% in about 11h 53m. Remember to manage risk and size positions accordingly. Good trading to all โ๏ธ
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WIF still looks soft inside the daily bearish stack.
๐ด SHORT $WIF /USDT: expecting price to go DOWN Bias: SHORT ยท Leaning
Entry: 0.1773410 โ 0.1776590 TP1: 0.1751166 (-1.3%) TP2: 0.1735276 (-2.2%) TP3: 0.1711442 (-3.6%) SL: 0.1806779 (+1.8%) Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1. Note: moderate conviction only, keep size light.
Why SHORT? WIF checklist: 3/12 agree, 1 against. โข Daily trend down (below EMA50 & EMA200) โข 4h trend down (below EMA50 & EMA200) โข Sellers are driving the move (15m ADX 21.2) Watch: Range bottom, buyers often step in (RSI z โ3.73) Watch: The idea is wrong if price reaches the stop at 0.1806779
Net read: The daily and 4h bearish stacks support the short, but the 1h RSI near the bottom of a range suggests buyers may step in, so conviction stays moderate.
Where do you set your stop for this short?
Chart with every level below.
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โ ๏ธ Personal market analysis only. NFA โ manage risk and DYOR. Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.