WIF just touched 0.1823 and then closed with a long upper wick. Over the past 24 hours, itâs been in a low-volume tug-of-warâboth bulls and bears are waiting for the other side to put down their weapon first.
If 0.1681 holds, the main force will use the retest to complete the final shakeout by pulling back to the lower edge of the box. Then, after a fake breakout to lure longs, it will push to a new high.
If 0.1681 is broken through, the historical three occurrences with the same structure all triggered a consecutive 3-hour drop and the liquidation of clustered positions. 0.15 is the next exit ATM for short sellers.
S and WIF are oscillating in sync, but with larger volume. KITE has already broken down in advance. If WIF falls below 0.1681, KITE will likely accelerate toward 0.115.
Going sideways isnât a restâitâs the main force redrawing the order-flow distribution. Are your positions anchoring support, or are you waiting to get swept for stop-losses?
Going all-in is really bold, going empty is really daring too. Youâre stuck on that line at 0.1681âare you waiting for a double, or for liquidation?