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🚨 WIF/USDT 4H Chart Breakdown – Momentum Brewing! 🚨
🔥 All Eyes on the Descending Triangle! WIF is tightening its moves, consistently carving out lower highs and lower lows. This classic consolidation hints at a brewing storm as the price hugs a crucial support zone.
📉 Bearish Pressure Mounting: The market’s downtrend is relentless, with sellers gradually gaining the upper hand. Momentum indicators suggest we're approaching a tipping point.
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🚨 RSI Divergence Alert! 🚨
I’ve got my eyes on a stock currently trading at 83 RSI overbought territory. For those in the know, an RSI above 70 often signals a potential downtrend reversal. Historically, when momentum runs this hot, the market takes a breather and that’s where the opportunities lie. 🕵️♂️
Now, here's where it gets interesting: a second RSI reading at 59. While not as extreme, it’s a subtle divergence worth noting. This setup hints at waning bullish momentum a classic bear signal. With buyers losing steam, this coin could be gearing up for a correction.
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🚨 WIF/USDT Insight: All Eyes on $3.10! 🚨
💡 The market speaks right now, WIF/USDT is drawing major attention to the $3.10 level. This isn't just a number it's a liquidity hot zone where big players are likely to be lurking.
SIGNAL TYPE : Short
Entry: 3.199 or Market Price
1st Tp: 3.084
2nd Tp: 2.978
3rd Tp : 2.846
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