The $WLFIUSDT chart is screaming for a short right now, with price hovering just above the 0.05640 level and the OB zone looming large - a perfect storm for a sweep of the FVG zone. The market structure is bearish, and the recent bounce off the FVG zone has all the hallmarks of a fakeout.
From a technical perspective, the high-time frame (HTF) is showing a clear bearish bias, with the RSI at 52 and volume at 0.6x - not exactly a recipe for a sustained rally. The SMC Score of 4.8/10 further confirms the bearish sentiment. The OB+FVG Sandwich zone is the key area to watch, as a break below this zone could lead to a rapid decline.
Here are the trade levels:
- Entry: 0.05690
- Take Profit 1 (TP1): 0.05354 (RR 4.1x)
- Take Profit 2 (TP2): 0.04851 (RR 10.3x)
- Stop Loss (SL): 0.05772
Shorting $WLFIUSDT with a tight stop loss, targeting 0.05354, is the play. Stay disciplined and patient, and let's ride this wave down.
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