#WLFI Market Review: In the analysis article on September 4th, regarding why WLFI fell sharply and the outlook for the future, I provided a rather lengthy statement, as shown in the image above:

These past few days, $WLFI and Sun Ge have been quite lively! First, the WLF official blacklisted a certain address and launched an investigation, then a certain exchange initiated a 'Protect Sun' operation. I wonder what everyone's mindset is; I, for one, am enjoying the spectacle. It seems that 'the world has long suffered from Sun Ge's antics'!

I have always maintained an objective, fair, and calm attitude towards the market and generally do not let news influence me. I eat melons when it's time to eat melons and watch the market when it's time to watch the market. Here I should mention: attentive friends should notice that Sun Ge has always stood at the top of the cryptocurrency traffic. Whether you praise him or criticize him, he can always create some buzz and attract the attention of the entire circle. Every project relies on fans and community; traffic is fundamental. You can be criticized, but you must never be unnoticed!

Returning to the market, after the price of $WLFI hit 0.165, it experienced a day of consolidation, and now has launched a nice rebound. Friends who were trapped at 0.2-0.22 can breathe a sigh of relief for now, and the guys are back up again!

In fact, this kind of rebound is easy to understand. On one hand, there has been a large amount of chip turnover in the price range of 0.18-0.165 (as clearly stated in the analysis article on September 4), at least the stage target of the main force has been achieved, and a rebound is expected; on the other hand, it can be noted that the funding rate of the Binance WLFI/USDT contract has turned negative, indicating that the short positions are greater than the long positions, and liquidating some short positions is a normal operation.

To launch an excellent rally, the step of establishing a bottom is essential. Without a solid bottom, there will be no excellent rise. If the bottom is unstable, then no matter how high the price rises, it will ultimately lead to a mess. Therefore, for the main force, it is generally chosen to conduct a secondary test against market selling pressure at the bottom. So, if the price goes down again in the future, friends need not panic too much, because that is a bottom testing, not a conspiracy to offload!

What we need to do is to judge the probability of where the market will go based on the information on the board, rather than subjectively speculating on price trends, and we should not be misled by various news!

Next, we come to the conclusion of this article:

1. Currently, $WLFI has a foundation for a buying range between 0.16 and 0.25, which I define as: dawn breaking. Whether it can create a solid bottom still remains to be seen, and friends still need to maintain a certain level of patience and hold onto their chips!

2. If you really believe in the $WLFI project or expect to profit from it, then holding spot is much less risky than trading contracts, and the possibility of ultimately making a profit is greater (the bears can ignore this point).

If you feel that my analysis can help you a bit, then you can like, comment, and share. Wishing the bulls and bears in the market good luck!😘