$WIF – Bears Back in Control❗Short Trade Setup Unfolding
$WIF has dropped sharply from its recent high of $0.721 to $0.591, marking a notable -9.63% decline. The RSI is cooling off at 32.73, signaling bearish momentum gaining strength. Price structure is weakening, with sellers pressing hard and bulls losing ground.
📉 SHORT TRADE SETUP (Bearish Bias)
Entry Zone: $0.600 – $0.610 (Ideal retest area before continuation)
Take Profit Targets:
• TP1: $0.560
• TP2: $0.520
• TP3: $0.480
Stop-Loss: Above $0.625 (Invalidation level – reclaim = trend shift)
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📊 Key Insight:
Despite a 62.03% buyer bias in the order book, the price action clearly favors bears. If $0.583 breaks, this could trigger a deeper pullback phase. A failed retest of the $0.600–$0.610 zone could be the perfect spot to ride the next leg down.
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⚠️ Pro Tips for This Setup:
Watch for volume spike + bearish candle in the entry zone for confirmation.
Use trailing stop-loss after TP1 to lock in gains as price drops.
If $0.583 fails to hold, momentum could accelerate—scale in cautiously.
Trade with discipline, not emotions.
