Brothers, I am Mig.
I see WLFI hovering around 0.1275. Many people are asking me: Mig, is it going to break 0.142 today? Or will it crash to 0.1195? Don't worry, let's watch the charts and chat.
First, let's look at the news:
WLFI released a governance proposal this morning to use the treasury funds to push for USD1.
To put it simply, the project team wants to stir things up and pull in the ecosystem. Buying back 10 million dollars, listing on Binance's main trading pair... these are all clear positive signals, indicating that the team is still working and hasn't given up.
But be careful — good news does not equal immediate price increase, especially when the overall market is still hesitant.
Now looking at the technical chart:
On the 4-hour chart, the MACD yellow and white lines are still below the zero axis, and the death cross is opening downwards – this is an obvious weak signal. However! There is support below: 0.1195 is the first line of defense, 0.1100~0.1050 is the bottom range. What about the pressure above? 0.1420 is key; if it can't break through, don't expect 0.158.
Mig's personal opinion: In the short term, I see volatility, even a downward touch to test support. Why? Because the MACD hasn't turned yet, and relying solely on news won't move real money. But in the medium term, I'm not pessimistic; if WLFI dares to drop to around 0.1195, it will be an opportunity for light position trial and error. Remember, don't go all in, do it in batches.
What should retail investors do?
If you are already in position, do not add to your position at 0.1275, wait for it to stabilize at 0.1320 before discussing.
If you haven't entered yet, set a buy near 0.1200 for some cheap goods, with a stop loss at 0.1180.
If it breaks 0.1420, you can chase a short position, targeting 0.158.
Market analysis is 'planning', but the market is 'real combat'. If you always feel a step behind the market, constantly 'buying and it drops, selling and it rises', then I tell you, you are not lacking analysis, you are lacking a professional guide who can remind you in real-time 'opportunity is here' and 'run fast'!
Want to know how I, Mig, led my brothers in the village to avoid spikes and accurately ambush? Follow Mig and participate in every attack of the Mig villagers! Mig will announce specific entry times and real-time news daily in the village!
