$WIF is currently facing strong selling pressure. 📉
Daily and 4-hour charts confirm a bearish trend, with the price consistently below key Exponential Moving Averages. Momentum indicators, like the Relative Strength Index (RSI), are also signaling weakness, remaining below 50 across multiple timeframes.
Right now,
$WIF is testing a critical resistance level around 0.318111 on the 1-hour chart. A strategic short entry could be triggered if the 15-minute RSI remains below 50 – this would confirm that sellers are firmly in control and offer a high-probability opportunity to capitalize on the existing downtrend.
Here’s a potential setup: Short
Entry: 0.317305 – 0.318917. Take Profit targets: 0.313273, 0.311661, 0.308436.
Stop Loss: 0.322948.
#WIF #crypto #trading #altcoins 🐻