$WIF /USDC:

$WIF/USDC – BEARISH BREAKDOWN BELOW KEY SUPPORT 🔻

Current Price: $0.9741 (-6.70%)

24h High: $1.0734 | 24h Low: $0.9639

24h Vol (WIF): 43.71M | 24h Vol (USDC): 45.11M

Timestamp: 2025-07-12 02:30 UTC

TECHNICAL OVERVIEW:

Trend: Bearish

MACD: -0.0054 (Bearish crossover active – downward momentum)

DIF: -0.0116 | DEA: -0.0062

Short-Term Moving Averages:

MA(5): 620,631.44

MA(10): 398,019.34

Support Levels:

S1: $0.9630 (Recent local low)

S2: $0.9405 (Critical next support)

Resistance Levels:

R1: $0.9923 (Short-term resistance)

R2: $1.0216 (Previous consolidation zone)

R3: $1.0734 (Daily high)

TRADE SETUP – SHORT IDEA

> Bias: Bearish | Strategy: Short on breakdown confirmation

Entry: $0.9700 - $0.9740

Stop Loss (SL): $0.9930 (above short-term resistance)

Take Profit (TP):

TP1: $0.9500

TP2: $0.9330

TP3: $0.9100 (if momentum continues)

RISK MANAGEMENT

Risk/Reward: Min 1:2 recommended

Position Sizing: No more than 3-5% of portfolio

Set Alerts at support/resistance breakouts

SUMMARY

$WIF/USDC has broken below its key moving averages with MACD momentum turning negative. The price is hovering just above its recent low, and a further break could accelerate downside. Volume is consistent, confirming the bearish move.

Stay sharp and manage risk wisely.

Let me k

now if you want the bullish scenario, or a chart image with this setup.

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