$WIF /USDT TECHNICAL ANALYSIS – BINANCE TRADE IDEA
Status: BEARISH SETUP – POTENTIAL DOWNSIDE CONTINUATION
Current Price: $0.776
24H Range: $0.749 – $0.866
24H Change: -5.25%
Volume (WIF): 80.22M
Volume (USDT): 64.02M
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🔻 Market Outlook:
$WIF /USDT is facing strong selling pressure after repeated failures to reclaim the $0.86–$0.90 resistance zone. The recent lower high formation and failure to break above the 4H trendline indicate a bearish continuation is likely.
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📉 Bearish Trade Setup:
🔹 Entry Zone: $0.790 – $0.805 (on a minor bounce)
🔸 Take Profit Targets:
T1: $0.750
T2: $0.720
T3: $0.680
🛑 Stop Loss: $0.835
📌 Key Resistance Level: $0.860
📌 Key Support Zone: $0.740
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📊 Technical Summary:
WIF is trading below key EMAs with decreasing volume near local highs. If the $0.74 level breaks, we may see a sharper drop toward the $0.68–$0.66 support area. RSI remains weak, indicating further downside pressure.
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⚠️ Note: Look for a weak bounce or bearish rejection near $0.80 for optimal entry. Maintain strict risk control due to high meme coin volatility.
