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📊 Short-Term Analysis for $WIF /USDT🔥
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📉 Why a Short Trade?
1️⃣ Key Resistance at $0.485 - $0.500 🚧
🔹 WIF has faced strong rejection near $0.500, signaling potential downside.
🔹 If price stays below $0.470, expect further selling pressure toward $0.453 - $0.440.
2️⃣ Lower Highs Formation 📉
🔹 WIF is forming lower highs, indicating bearish momentum.
🔹 A break below $0.453 could trigger a stronger downside move toward $0.430 - $0.415.
3️⃣ Decreasing Volume, Bears in Control 📊
🔹 24H Volume: 35.03M USDT – Selling pressure increasing.
🔹 If WIF fails to reclaim $0.485, expect further downside toward $0.440 - $0.415.
4️⃣ Key Support at $0.453 - $0.440 🛑
🔹 A breakdown below $0.453 will confirm further downside toward $0.415 - $0.400.
🔹 Watch for a strong bearish candle with volume for confirmation.
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📊 Short-Term Trade Setup (15m - 1h - 4h) 📊
🔹 Short Entry: $0.470 - $0.485 (On pullbacks)
🎯 Targets: $0.453, $0.440, and $0.415
🛑 Stop Loss: $0.510 (Above resistance)
🔸 Breakdown Confirmation:
✅ If $0.453 breaks, expect a move toward $0.415 - $0.400.
✅ If WIF reclaims $0.500, consider exiting shorts.
⚠️ Risk Management:
🔸 Keep SL tight above $0.510 to minimize risk.
🔸 Watch volume & price action for bearish continuation confirmation.
📉 Overall Bias: Bearish (As long as $0.485 holds as resistance)