$WIF /USDT BREAKS SUPPORT WITH HEAVY SELLING – IS THE MEME COIN BOUNCE DEAD?
$WIF EXPERIENCED A SHARP DROP OF OVER 14%, BREAKING KEY SHORT-TERM SUPPORT. CURRENTLY HOVERING JUST ABOVE ITS 24H LOW.
THE STRUCTURE REMAINS BEARISH, AND BUYERS NEED TO STEP IN SOON TO AVOID FURTHER DOWNSIDE.
$WIF/USDT is trading at $0.801, down over 14% in the last 24 hours. After failing to hold the $0.88–$0.90 support zone, the price has slipped toward $0.79, testing new intraday lows. Despite a +56% gain in the last 90 days, the recent momentum has turned strongly bearish.
Trade Setup (Short-Term):
Entry Zone: $0.795 – $0.810 (wait for price stability or a bullish engulfing candle)
Take Profit (TP): $0.850 – $0.880
Stop Loss (SL): $0.772 (below current 24h low)
The pair is sitting in a high-risk zone, and only an aggressive bounce or reclaim of $0.83+ could spark bullish interest again.
Outlook:
Short-Term Bias: BEARISH TO NEUTRAL
Breakout Watch: Above $0.850 = recovery possible
Breakdown Risk: Below $0.790 = could accelerate fall toward $0.75–$0.72
Until we see strong volume and clear reversal signs, caution is advised for both long and short entries. Ideal for scalpers or short-term bounce plays with tight risk control.
#WIF #MemeCoin #CryptoAnalysis #BinanceTrading #AltcoinWatch