WIF Classic Fakeout Traps Late Bulls
🔴 $WIF - SHORT
Trade Plan: Current Price: ~0.1579
Entry Zone: 0.1598 - 0.1648
SL: 0.1682
TP1: 0.150
TP2: 0.143
TP3: 0.135
Price swept buy-side liquidity above the 0.1648 resistance with a quick fakeout before reversing sharply with a long upper wick and heavy sell volume inside our Entry Zone 0.1598-0.1648. This is the classic meme-coin trap pattern where breakout chasers get liquidated. Bearish order-block rejection and increasing sell delta confirm the downside continuation. The SL at 0.1682 sits just above the fakeout high for tight, defined risk. Targets step into visible liquidity pools at TP1 0.150, the prior range low at TP2 0.143, and the extended measured move to TP3 0.135. High-conviction short setup leveraging repeatable meme mechanics.
Did the 0.1648 breakout just trap the final bulls on WIF? What’s your meme bias? 👇
DYOR & manage risk!
$WIF
🔴 $WIF - SHORT
Trade Plan: Current Price: ~0.1579
Entry Zone: 0.1598 - 0.1648
SL: 0.1682
TP1: 0.150
TP2: 0.143
TP3: 0.135
Price swept buy-side liquidity above the 0.1648 resistance with a quick fakeout before reversing sharply with a long upper wick and heavy sell volume inside our Entry Zone 0.1598-0.1648. This is the classic meme-coin trap pattern where breakout chasers get liquidated. Bearish order-block rejection and increasing sell delta confirm the downside continuation. The SL at 0.1682 sits just above the fakeout high for tight, defined risk. Targets step into visible liquidity pools at TP1 0.150, the prior range low at TP2 0.143, and the extended measured move to TP3 0.135. High-conviction short setup leveraging repeatable meme mechanics.
Did the 0.1648 breakout just trap the final bulls on WIF? What’s your meme bias? 👇
DYOR & manage risk!
$WIF