$WIF has seen a significant liquidated long position at $101K at $2.017, signaling potential volatility ahead.
Currently, $WIF is showing signs of weakness and could be poised for a pullback.
Entry Point:
Consider entering short positions around $2.00 to $2.05 for optimal risk to reward.
Stop Loss:
Place a stop loss above $2.10 to protect against a breakout.
Target:
Set the target at $1.80, where support may be found.
$WIF appears vulnerable to downside pressure, and a short setup offers a solid opportunity if the price continues to weaken.
Always monitor market conditions closely for further confirmation.