$WIF /USDT Short Trade Setup – Bearish Rejection Confirmed

📉 Key Trade Levels

- Resistance Zone: $1.136–$1.139 (Strong rejection)

- Entry Zone: $1.113–$1.127 (Optimal short entry on retest)

- Stop Loss: $1.139 (Above resistance)

- Take Profit Targets:

- TP1: $1.057 (First support)

- TP2: $1.010 (Next demand zone)

- Leverage: 10x | Risk: 2–3% of capital

🔍 Why This Trade?

✅ Lower High Formation: Price rejected at resistance, signaling weakening bulls.

✅ Bearish Engulfing Candle: Confirms selling pressure near the top.

✅ Breakdown Potential: A close below $1.105 accelerates downside.

✅ Volume Confirmation: Declining buy volume supports bearish momentum.

⚠️ Risk Considerations

- Invalidation: A reclaim above $1.140 flips bias bullish.

- Volatility Alert: Memecoins can reverse sharply—manage position size.

- BTC Correlation: Watch for BTC weakness to confirm downside.

📊 Market Structure

- Bearish Continuation: Below $1.105, next target $1.010.

- Bullish Escape: Only above $1.140.

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