🚨$WLFI Short Trade Signal 🚨
WLFI/USDT is currently in a strong downtrend. The price has recently broken below a key support level and is showing no signs of a reversal. The RSI is also in the oversold zone, but this can persist for some time in a strong bearish market.
Short Trade Signal 📉
Entry Price: $0.195 - $0.20
Target Price: $0.185 - $0.17
Stop Loss: $0.21
Reason: The price is making lower lows and lower highs, and the overall market structure is bearish. The recent drop from the highs of $0.25 is significant, and a short position is favored as the selling pressure seems to be dominating. The suggested entry range is a small retest of the broken support level, which could act as a new resistance.