Current WIF/USDT Trading Strategy (highly volatile memecoin, closely following BTC): June 29
1. Short Order
• Entry: 0.831
• Stop-loss: 0.841
• Take-profit: 0.801
• ✅ Strategy: WIF is testing the local resistance area of 0.83–0.84, which is the nearest peak that has been rejected multiple times. The 1-hour RSI is overbought, suitable for a technical Short strategy if there is no clear breakout.
• ⛔ Warning: If WIF exceeds 0.845 with high volume (or BTC surges past 108,200), there is a possibility of FOMO up to 0.87–0.88 → need to exit Short urgently.
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2. Long Order
• Entry: 0.789
• Stop-loss: 0.760
• Take-profit: 0.825
• ✅ Strategy: The 0.785–0.790 area is short-term support, having reacted well a few times before. If the price retests with a candle reversal signal, a Long position can be opened.
• ⛔ Warning: If it breaks 0.760, the recovery trend ends, and it may drop deep to 0.72–0.73.
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✅ Probability Assessment:
• Short: ~60% (preferred if WIF does not break 0.84 and BTC is sideways/down)
• Long: ~40% (only open if the price tests the 0.789 area correctly and has a clear reversal signal)
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📌 Special Notes:
• WIF is a memecoin, prone to unusual pump/dump → do not enter orders if BTC fluctuates unexpectedly.
• BTC exceeds 108,200 → Do not hold Short on WIF
• BTC breaks 105,800 → Do not Long WIF
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👉 This is a strategy based on technical zones – strict SL is required, do not hold positions, and closely monitor BTC & volume when entering orders.