$WIF - Long or Short?

Short-term Bias: Bearish to Neutral

Clear downtrend after rejection at $0.66412 (recent high).

Momentum remains weak unless price reclaims $0.6365.

Holding above $0.5979 might give bulls a small bounce shot toward $0.6088 (recent consolidation).

If it loses $0.5979, could dump toward $0.5947–0.5790—careful!

Safer setup: Short from $0.6365–0.6500 on rejection or fade, rather than chasing.

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Support & Resistance Levels

Support: $0.5979 – $0.5947 (base range from recent pullback).

Resistance: $0.6365 – $0.6500 (local top with selling pressure).

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WIF/USDT 15M Chart – Quick Technical Breakdown

Price: $0.6088 (Down -5.25%)

Recent High: $0.6542

24h Low: $0.5979

MACD: Bullish — signal line below MACD line (MACD: 0.00006).

Volume: High — 270.41M WIF in 24h, but price action shows fading momentum despite active trading.

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