Market Alert: $WIF Long Liquidation of $2.0033K at $1.7667 – Bears Gain the Upper Hand
A $2.0033K long liquidation at $1.7667 has rocked the $WIF market, signaling a shift in momentum.
The liquidation indicates that bulls have lost control, and bears are pushing the price lower.
This sudden price drop suggests more volatility ahead, with traders bracing for further moves.
Key Details:
Liquidation Amount: $2.0033K
Liquidation Price: $1.7667
Market Sentiment: Short-term bearish, with heightened risk of further downside.
Next Moves:
For Shorts:
Entry: Below $1.75, confirming continued selling pressure.
Targets:
Initial target: $1.70 (immediate support).
Secondary target: $1.65 (major support).
Stop Loss: $1.78 to protect against a quick reversal.
For Longs:
Entry: Above $1.78, if signs of a bullish reversal appear.
Targets:
Initial target: $1.85 (immediate resistance).
Secondary target: $1.90 (next resistance level).
Stop Loss: $1.75 to limit downside risk.
Stay vigilant as $WIF navigates through these volatile moves, with critical levels at play for both bulls and bears.