Hello everyone, I am Qi He. Just now several fans sent me the news and market chart of WLFI, eagerly asking: 'Sister Qi He, the news is so good, why is the coin price still falling? Can we make a move tonight?' Don't worry, let's break through this window paper together.
The 'ice and fire' of news and trends
First, let's look at the news: community voting, using real funds from the treasury to promote USD1, and they have already repurchased 10 million dollars! This is definitely a solid positive signal, indicating that the project team is working hard and wants to expand the ecosystem.
But strangely, there is a large bearish candle on the one-hour chart, and the MACD has a death cross below the zero line, clearly indicating short-term weakness. It reached a high of 0.1739 before turning back, and now it hasn't even touched the key resistance of 0.142.
Why? This is a typical case of 'buying expectations, selling facts.' Before the good news comes out, it may have already risen once; when the news lands, some people choose to take profits.
Looking at the technicals: Upward? I see it as the 'last gasp'!
Everyone looks at that one-hour K-line; at first glance, it seems to have risen a bit, but Qi He highlights for you:
Pressure like a mountain: 0.1420 is a key resistance level; it can't break through without huge volume. There’s also a 'high voltage line' at 0.1590; trying to get past it in one go? Difficult!
MACD has revealed its cards: this is what I worry about the most! The white and yellow lines are still below the zero axis, and the death cross is opening downwards! What signal is this? It's the 'heart disease' of the trend! It indicates that the intrinsic downward momentum hasn't been reversed at all; the current rebound is very likely just a 'flash in the pan,' with a high possibility of inducing more buying.
The critical point is at 0.1300: this position is the boundary line between bulls and bears, and it is also a key level in the chart. If it holds, it can linger in this range; once it breaks below with high volume, the next target is straight to the support level of 0.1195, and that drop could be painful.
What should you do now?
Don't chase the rise! Now the MACD has a death cross pointing down; it's not the time to chase.
Hang the basket and wait! You can place a small order for testing around 0.130.
Remember the mantra: 'A sharp drop doesn’t kill, a retracement after good news is a friend.' Strictly cut losses!
Qi He's personal opinion:
Tonight, if you go this way, just do it! There is short-term retracement pressure, but the medium-term is supported by good news, and a drop would instead be an opportunity. If the market can stabilize around 0.130, forming a small-scale bullish divergence, it is likely to gather strength again to challenge 0.142. This is the healthiest approach. If it directly breaks below 0.130 with high volume, then be careful, as it may quickly test 0.124 or even 0.1195 for support.
I am Qi He from the cryptocurrency circle. Follow me, and I will teach you how to seize this wave of market momentum! If you don't know how to time your entries, Qi He will provide real-time analysis in the village, giving you the current best entry points, helping you avoid pitfalls, breaking down the subsequent capital trends at the first moment, and capturing every window for profit!#加密市场观察 $WLFI
