📉 $WIF /USDT short trade signal 🚦 🛑
REJECTION FROM LOCAL HIGH – BEARS STARTING TO TAKE CONTROL! 📉
WIF is showing signs of weakness after failing to hold above the $0.550 level. The price is currently $0.537, down -8.36% in the last 24h, and a lower high formation is hinting at potential downside ahead on the 30-minute chart.
Key Levels:
Support: $0.522 / $0.510
Resistance: $0.550 / $0.570
Current Price: $0.537
Trade Setup (Short):
Entry: $0.538 - $0.542
Take Profit (TP): $0.525 / $0.510
Stop Loss (SL): $0.555
Market Outlook: After a recovery move to $0.560, WIF has lost steam and is now trading below the mid-range. Sellers are stepping in again, and if $0.530 cracks, a drop to $0.510 is very likely. Eyes on volume for confirmation.
Risk Management:
Use only 2-3% of your capital on this trade. Stick to your SL and don’t overleverage, especially with volatile meme tokens.
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