$WIF Liquidation Alert: Longs Get Hammered!
$84.8K Longs Liquidated
Price Rejected at $3.101
WIF traders faced a brutal rejection at $3.101, triggering a cascade of long liquidations.
This price action indicates that sellers have regained control, pushing the market into bearish territory.
What’s Next for $WIF ?
• Support Level: $2.95 is the first major support to watch. If this breaks, WIF could test $2.85 next.
• Resistance Zone: The $3.10 area remains a tough resistance. Bulls need to reclaim this level for a chance at recovery.
• Market Sentiment: A surge in selling volume suggests further downside risk if the support levels fail to hold.
Actionable Insight:
Caution is key. Short opportunities may present themselves below $3.00, while traders looking to buy should wait for a solid reversal signal.
WIF is in a critical phase—watch for a bounce or continued downside as the market consolidates!
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