$WIF /USDT BEARISH REJECTION FROM MAJOR RESISTANCE ZONE – DOWNSIDE MOVE EXPECTED
The $WIF /USDT chart is showing clear signs of bearish rejection at a strong resistance zone near $0.900, where price has failed multiple times to break above. This zone has become a critical barrier, and with repeated rejections, a downward move is gaining probability.
🔹 Current Price: $0.897
🔹 Resistance Zone: $0.900 – $0.905 (highlighted zone of multiple rejections)
🔹 Support Levels:
- Immediate: $0.887
- Major: $0.878
🔻 TRADE SETUP – SHORT POSITION:
Entry: $0.898 – $0.900 (on rejection confirmation)
Take Profit (TP):
• TP1: $0.887
• TP2: $0.878
Stop Loss (SL): $0.911 (above resistance wick)
📉 Market Outlook:
The price action suggests a strong supply zone overhead. With decreasing volume on recent attempts to push higher, bears may now take control, targeting previous demand zones.
⚠️ Risk Management:
Always use stop-loss. Do not overleverage. Risk only 1–2% of your capital per trade. Wait for confirmation before entry.
