COIN: $WIF
Position: Short
This 1-hour WIF/USDT chart (Binance) shows a bearish Head&Shoulers pattern with a breakdown projection. The price is $0.4739, with key support at $0.4280 - $0.4246 and resistance around $0.48. A pattern suggests further downside if support breaks. RSI at 41.95 indicates bearish momentum but not oversold yet.
This 1-hour chart of the Crypto Total Market Cap (excluding BTC & ETH) shows a rising wedge pattern, indicating a potential bearish reversal. The market cap is $797.12B, with resistance at the upper trendline. A breakdown could lead to a decline. RSI at 49.60 suggests neutral momentum, awaiting confirmation of direction.
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Trade Setup:
Entry: 4797
Target Price : 4627, 4507, 4402, 42181
Leverage: 10x
