Expert opinion: Bearish #WIF

WIF/USDT presents a potential selling opportunity on the 4-hour chart due to a recent downward breakout from a clear wedge pattern. This suggests that momentum could shift to the downside in the coming days.

Sell entry: Consider entering a short position near the current price of 2.61, close to the breakout level. This provides an entry point close to the momentum shift.

Target levels:

First support – 2.22

Second support – 2.03

Stop loss: To manage risk, set a stop loss order above 3.01. This helps limit potential losses in case the price unexpectedly reverses and breaks upward. #内容挖矿 Follow me! Get more expert opinions!