$WIF /USDT – BEARISH MOVE IN PLAY AS BEARS PRESSURE CRITICAL SUPPORT ZONE
$WIF /USDT is showing signs of bearish continuation, breaking below key intraday support and printing lower highs. Currently trading around $0.824, the momentum appears weak as selling pressure dominates the recent price action.
Key Levels:
Current Price: $0.824
Immediate Resistance: $0.840 – $0.850
Major Resistance Zone: $0.880
Immediate Support: $0.810
Major Support Zone: $0.800 – $0.790
A rejection near $0.850 combined with successive lower candles suggests sellers are firmly in control. Volume spikes near support indicate attempts to defend the zone, but the lack of bullish reversal patterns adds to the bearish sentiment.
Trade Setup – SHORT POSITION
Entry (Sell): $0.828 – $0.832 (on any bounce near resistance)
Take Profit (TP):
TP1: $0.810
TP2: $0.800
Stop Loss (SL): $0.846
Market Outlook:
WIF is consolidating downward under pressure with no strong bullish catalyst in sight. The broader meme coin sector is also cooling off, reducing speculative hype. Unless bulls reclaim $0.850+ with conviction, the path of least resistance remains downward.
Risk Management:
Risk only 1-2% of your capital per trade. Always place SL and manage leverage wisely.
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