$WIF is now stuck at the critical line of 0.8500!
The current price of 0.8495 is being pushed down by the 7-day line at 0.8512, and today's three attempts have all been crushed. The lower 30-day line at 0.8325 is too far to solve the immediate problem and is completely unreliable. The indicators are collectively flat: the MACD fast and slow lines are stuck underwater, the red bars are barely alive, and the trading volume is only 6.8 million, a decrease of 30%—it's clear that this is a prelude to a market change.
The dog fund's trump card is disgustingly obvious: a sell wall of 20 million dollars at 0.8500, and the buy orders are as thin as paper, with a negative order ratio revealing they don't want to push the price up. Large orders are still playing tricks—three 500,000-dollar counter trades at 0.8495 to deceive people, clearly showing they are controlling the market. Don't be fooled by Twitter calling for a "break above 0.85 to hit 1 knife"; on-chain whales have just transferred 12 million coins to Binance, and a crash could happen at any time!
My strategy is straightforward: pushing long now is like giving money to the dog fund! If action is to be taken, only recognize two signals: either break through 0.8520 with increased volume and the MACD turning green to chase a short long, or break down through 0.8428 and rebound to open a short. Remember, the dog fund is about to explode in both directions; if there is no clear direction, it's better to rest and not touch WIF!
Core resistance level: 0.8500-0.8512 death zone
Key support level: 0.8400-0.8325 weak zone
Save the bullets for the breakout signal, don’t lose your head in a garbage market!
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