#CryptoTrading. #technicalanalyst #Signal🚥. 📊 Technical analysis
$WIF /USDT — 15min / 1h timeframe
Current price ≈ 0.4075 USDT
Change +25.23% (strong vertical momentum)
Price action and Bollinger Bands
The price has been stuck to the upper Bollinger band (~0.398–0.399) for several hours, the middle band ~0.359, the lower ~0.319.
The bands are very widely extended - classic parabolic phase + extreme overbought.
The last candles — large red shadows on top - signs of short-term exhaustion.
Volumes
Very high ~157M on peak candles, MA(5) ~68M, MA(10) ~46M — a huge influx of volume during the rise, but already a noticeable decrease on the last red candles - a classic sign of a possible local top.
Key indicators
• MACD — still positive, but the histogram is sharply decreasing, DIF/DEA almost converged - momentum is rapidly weakening
• RSI — RSI(6) 90.6, RSI(12) 84.7, RSI(24) 77.6 - extreme overbought, especially short-term RSI6 is already in the deep exhaustion zone
Conclusion
This is a classic parabolic phase with extreme overbought.
The probability of correction/consolidation in the near future is 70–80%.
The most likely depth of correction is to the middle Bollinger band (0.355–0.365) or even slightly lower (0.33–0.34).
Signals:
🔴 Short — advantage now (moderate–high risk)
Entry: 0.405 – 0.415 (current zone or rebound to upper band)
Targets:
TP1: 0.375 – 0.380
TP2: 0.355 – 0.360 (middle band)
TP3: 0.330 – 0.340 (deep correction)
Stop: 0.435 – 0.445 (breakout of new high)
R/R: ~1:4+ (very attractive setup)
🟢 Long — high risk (only after clear confirmation)
Entry: 0.355 – 0.365 (rebound to middle band + strong volume + green absorption)
Targets: 0.42 - 0.45 - 0.50+
Stop: 0.335 – 0.340
R/R: ~1:4+, but the probability of triggering is low now (~20–30%)
Most likely scenario in the next 4–12 hours
Correction/consolidation to 0.36 – 0.375 with high probability.