$WIF /USDT – BEARISH BREAKDOWN IMMINENT? 📉🐶

WIF is currently trading at $0.777, down -3.36% on the day, showing signs of weakness after failing to hold above the $0.80 psychological resistance. The meme coin market is showing fatigue, and WIF seems to be leading the downside move.

🔑 KEY LEVELS TO WATCH:

Resistance:

$0.825 (24h High)

$0.80 (Psychological barrier + recent rejection zone)

Support:

$0.748 (24h Low, immediate support)

$0.700 (Major support level from previous bounce zone)

$0.655 (If breakdown accelerates)

Current Price: $0.777

🔍 CHART ANALYSIS (4H Timeframe):

MA Analysis: Price is trading below short-term moving averages, suggesting downside momentum.

Volume: High 24h volume (42.29M USDT) indicates active trading but favors sellers.

Structure: WIF is forming lower highs, with a support retest near $0.75. A breakdown below this level could trigger further selling pressure.

🔻 TRADE SETUP – SHORT OPPORTUNITY:

Entry: $0.770 - $0.780 (Current zone, after confirming rejection at resistance)

Take Profit Targets:

→ TP1: $0.748

→ TP2: $0.700

→ TP3: $0.655 (if momentum continues)

Stop Loss: $0.825 (Above recent high)

⚠️ RISK MANAGEMENT TIP:

Risk only 1-2% of your capital on this trade.

Use tight SL due to meme coin volatility.

Scale in with confirmation to avoid fakeouts.

📉 WIF/USDT looks bearish in the short term. Wait for confirmation of support breakdown or rejection near $0.80 before entering. Stay disciplined, and trade the trend!

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