$WIF Short Setup – Breakdown Confirmed Below $0.80
Current Price: $0.756 (–4.91%)
$WIF has broken below the key $0.80 support zone after a sharp rally and gradual distribution phase. The current rejection confirms that previous support has now turned into resistance.
Trade Setup (Short Bias):
• Entry: $0.756 – $0.758 (on breakdown retest)
• Target 1: $0.740
• Target 2: $0.710
• Target 3: $0.678
• Stop Loss: $0.800
Market Insight:
The structure shows a clean rejection from the $0.80 zone, and price is forming lower highs. As long as it stays below this resistance, downside continuation remains likely. Watch for bearish volume confirmation.