$WIF /USDT BEARISH BREAKDOWN BELOW KEY SUPPORT โ ๏ธ๐จ
๐ Current Price: $0.777
๐ป 24h Change: -13.38%
๐ TECHNICAL ANALYSIS
WIF/USDT has broken below a crucial support zone at $0.800, now acting as resistance. The overall structure suggests bearish continuation as selling pressure increases across meme coins.
๐ Key Levels:
Resistance: $0.800 / $0.840
Support: $0.750 / $0.720
Current price hovering around $0.777, facing rejection from intraday highs and unable to reclaim lost ground.
๐ฃ TRADE SETUP โ SHORT POSITION
๐ฅ Entry: $0.775 - $0.780
๐ฏ Targets (TP):
TP1: $0.750
TP2: $0.720
๐ก๏ธ Stop Loss (SL): $0.810
Bias: Bearish โ Favoring downside toward next support zone unless reclaim of $0.800 is seen.
๐ RISK MANAGEMENT ๐
โ
Risk only 1-2% of your capital per trade
โ
Stick to your SL โ don't chase losses
โ
Adjust size to match risk tolerance
๐ง Discipline > Emotion. Let the chart guide you.
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{spot}(WIFUSDT)