1. Summary

$WIF Short-term bias neutral → leaning bearish if support is not held — prioritize probing when confirmation occurs, or buy on reaction at support if there is a clear rejection.

• Price ~ 0.829 USDT; the token is Dogwifhat (WIF), market cap and liquidity have surged significantly following listing/interest.

2. Analysis

On the 1H timeframe, the structure is bearish: immediate resistance ~0.888, support cluster 0.816–0.813; previous high around 0.962. RSI(6) ~36 — leaning towards cooling off; volume does not show clear follow-through → breakout needs volume to be reliable. Fundamentally, WIF is a meme-token listed on many major exchanges, and the tokenomics/vesting can create pressure at unlock times; additionally, media attention (meme/viral events) is increasing FOMO but also bringing volatility.

3. Strategy

  • Entry: Buy probe when 1H closes > 0.888 (confirming breakout of resistance area) — or buy on reaction when there is a clear wick rejection in the 0.816–0.813 range accompanied by increased volume.

  • Stop-loss: SL = 0.800 (clearly, below the support cluster to avoid false wick).

  • TP1/TP2: TP1 = 0.888 (first supply zone), TP2 = 0.962 (retarget previous high).

  • Exit triggers: exit early if there is a large amount moving into CEX, negative news related to unlock/vesting, or selling spikes from whales; also exit if price breaks down below 0.813 without a bounce.