$WLFI /USDC BEARISH SETUP: TECHNICAL ANALYSIS
$WLFI/USDC is exhibiting a bearish trend after failing to sustain above the 0.1728 resistance indicated by the SUPERTREND (10,3). The pair shows rejection near the 0.1773 zone with downward pressure building, supported by moving averages pointing lower. Immediate support lies at 0.1576 and 0.1566, making further downside likely if these levels break. Short-term momentum favors sellers, suggesting potential continuation of the downtrend.
Trade Setup:
Entry: Short below 0.1615
Targets (TP): 0.1576 / 0.1566
Stop Loss (SL): 0.1660
Risk Management: Limit exposure to 1-2% of portfolio. Monitor support at 0.1576 for possible reversal or consolidation.
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WLFI
0.107
+7.97%