$WIF is trading around 0.3857, slightly recovering after reaching 0.3686, but the overall structure on the 1H chart still shows a strong bearish momentum. The EMAs are stacked downward, and each bounce is becoming weaker, indicating that sellers remain in control. Resistance is at 0.3950 and 0.4045, while support is at 0.3750 and 0.3685.

Technically, the price is still below the EMA group, which means the trend remains downward despite this short rebound. The volume profile shows stronger red candles during the drop and lighter green candles during the bounce, suggesting that this movement might just be a relief rally. Fundamentally, sentiment around meme-coins is cooling today, with liquidity moving towards larger capitalizations, putting pressure on speculative assets like $WIF. In terms of sentiment, traders are cautious as $WIF has failed to maintain previous support levels, signaling uncertainty and increasing the likelihood of another drop. Due to this combination, the safest scalp setup right now is a SHORT, not a LONG.

Short entry zone: 0.3875 – 0.3925

Take profit 1: 0.3785

Take profit 2: 0.3702

Stop Loss: 0.4025

Take profits quickly — volatility on $WIF can increase without warning.

Short #WIF Here 👇👇

WIFUSDT

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