$WIF 🐺 WIF Might Dump More – Bull Traps Everywhere! 🚨
🔥🔥The meme coin madness may be cooling off,😘😘 and $WIF (Dogwifhat) is looking more fragile than ever. 😍😍After teasing bulls with fake breakouts and bouncy price action🙈🙈, seems to be setting the perfect stage for yet another bull trap. If you’re thinking of buying the dip, 🙊🙊hold on—because the floor might not be in yet. 👀⛈️⛈️
☀️☀️Over the past few days, has been dancing around key support levels, only to lure in hopeful buyers before pulling the rug.🧖🧖 This pattern of lower highs and weak bounces is a textbook sign of a distribution phase🧟🧟—where smart money sells into the hands of latecomers💐💐. 📉 Every small pump is getting sold off faster, 🌡️🌡️and volume is fading. Not bullish!🌟🌟
🦊🦊Technical indicators aren’t looking too hot either.🪵🪵 RSI is struggling to reclaim the midline,☔☔ showing clear weakness in buyer momentum.🐮🐮 The MACD is rolling over into bearish territory, 🐞🐞while price continues to fight underneath resistance zones like $2.50 and $2.30—both previously strong supports turned into selling pressure. 📊🐇🐇🐇
🍖🍖What’s even more concerning? 🍅🍅The broader meme coin sector is also slowing down.🍉🍉 Tokens like $PEPE, $FLOKI,🧅🧅 and even $DOGE are struggling to hold gains, 🚦🚦and this macro weakness is putting additional pressure on $WIF.🚀🚀 In short, the hype cycle is cooling off, 🕌🕌and sentiment is shifting from greed to doubt. 🧊🍱🍱
🛑🛑🛑Let’s talk bull traps—because that’s exactly what’s playing out. 🏩🏩These quick spikes followed by immediate dumps are engineered to shake out traders. ⛱️⛱️Retail jumps in expecting a breakout, only to get caught in a reversal. 🌐🌐WIF’s recent price action fits this pattern perfectly. 📉💀
🛩️🛩️Unless $WIF can reclaim a strong bullish structure🎂🎂—like pushing above $2.60 with volume and holding