đ¨ $WLFI/USDT Trade Idea: The Oversold Bounce Play! đ¨
Heads up, everyone: WLFI/USDT is flashing a high-conviction counter-trend setup right now.
The overall trend on the 1D and 4H charts is clearly bearish, with the price ($0.1772) trading well below all major moving averages. This confirms a strong downtrend. However, look at the momentum indicators.
Our checks show the RSI is deeply oversold across multiple timeframes, sinking as low as the 15-zone on the 1-hour chart. This level of technical exhaustion suggests a sharp relief bounce or a short-term reversal is highly probable, even if the macro trend is still down.
Hereâs the plan for the bounce:
Entry: Look for entries around the current price zone: $0.1763 â $0.1781
Target (TP1): $0.2022 (Aiming for a quick 14% swing)
Stop Loss (SL): $0.1647 (Tight SL is critical for counter-trend trades. Manage your risk!)
Trade size must be small due to the volatility and the bearish overall market structure. This is a high-risk, high-reward scalp aiming for an extreme oversold reaction. NFA/DYOR.
