WIF Liquidated Short: $202K Loss at $2.317

The market delivered a brutal blow as the short position on $WIF was liquidated for a massive $202K loss. The plan seemed solid, but the market had other ideas.

Entry Point: $2.00

The short was opened at $2.00, with expectations of a downward move based on recent trends and market sentiment.

Target: $1.80

The target was set at $1.80, anticipating further declines in the $WIF price. But the market took an unexpected turn, catching the short position off guard.

Stop Loss: $2.317

At $2.317, the stop loss was triggered, closing the position at a loss of $202K. A harsh reminder of how quickly the market can flip and wipe out positions.

The $WIF trade serves as a warning: in the fast-paced world of trading, always respect your risk management strategies and stay prepared for sudden moves.

#WIF_Usdt

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BREAKING: We perfectly nuke $WIF Trade. another banger trade 🔻

study before and after. 👌

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Portfolio as of now: $54,390
+580 unrealized PNL

(I'm only sharing low risk trade)

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$WIF Technical Analysis


WIF is currently facing downward pressure, with the price nearing key support around $2.6000 to $2.6200. This zone could act as a potential reversal point if buying interest emerges. On the upside, resistance is located at $2.7000 and $2.7500, where sellers may come in to cap any upward movement. Range traders might consider shorting near $2.7000 with a stop-loss above $2.7500, targeting support at $2.6000. Breakout traders should watch for a breakout above $2.7500, which could signal a shift toward bullish momentum, while a break below $2.6000 may lead to further declines. The market remains volatile, so stay alert to key levels for significant price moves.
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what should i do because I don't understand , I am stuck in this trade can anyone help me #WIF_Usdt $WIF please any experience person who tells me

what should i do because I don't understand , I am stuck in this trade can anyone help me #WIF_Usdt $WIF please any experience person who tells me

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Analysis:

Trend: The overall trend seems to be bearish with a downward sloping trend line.
Support and Resistance:

Support: The price has been finding support around the 2.738 level.
Resistance: The downward sloping trend line has acted as resistance multiple times.

Breakout Potential: The price has tested the support level and bounced back. If the price breaks above the trend line, it could signal a bullish breakout.

Trade Setup:
Long Entry:

Entry Price: Wait for a clear break above the downward sloping trend line with a confirmation candle (e.g., a green candle closing above the trend line).
Stop-Loss: Place a stop-loss order below the recent swing low or the support level, around 2.738.
Take Profit: Consider setting a profit target at the next significant resistance level, which could be around 2.794 or higher.

Risk Management:

Position Size: Use proper risk management techniques to determine the appropriate position size.
Trailing Stop: Consider using a trailing stop to protect profits as the price moves in your favor.

Additional Considerations:

Volume: Monitor volume levels to confirm the strength of the breakout. Higher volume during the breakout can indicate stronger momentum.
Technical Indicators: You may use additional technical indicators like RSI, MACD, or Bollinger Bands to confirm the trend and potential reversal points.
Fundamental Analysis: Consider any relevant news or events that might impact the price of the asset.

Disclaimer: This is not financial advice. Please do your own research and consult with a financial advisor before making any investment decisions.1
Remember: The market is dynamic, and the price can move in unexpected directions. It's important to have a well-defined trading plan, manage risk effectively, and be prepared to adapt to changing market conditions.

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$WIF

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tp one done ✅✅✅✅✅✅✅✅

$WIF
You can see $WIF continuously going to it's journey of $4 plus.
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wif usdt
short
buy market price
tp1 3.05
tp2 3
tp3 2.90
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wif/usdt
5x
Short
Tp 2.899
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tp1 done
move Stoploss to entry
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Hold or close?
#WIF_Usdt $WIF

#WIF_Usdt
LONG 🟩
Entry = market price
tp = 3.25
stop loss = 3.00

WIF/USDT 📈
🟢 BUY/LONG 🟢
✳️ FUTURE/SPOT trading✳️
BUY at Market Price Range : $2.55-$2.57
Take Profits🤑:
TP1: $2.78
TP2: $2.2.98
TP3: $3.18
TP3: $3.38
TP4: $3.6
TP5: $3.88
⚠️ Stop Loss: $1.7⚠️
Future Traders Please DYOR (Do your Own Research)
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