$WIF /USDT Trading Signal – Short Signal Amid Strong Downtrend 🔻
Current Price: $1.591 (-14.05%)
Signal: Short Position
Entry Range: $1.590 - $1.610
Take Profit Levels:
🎯 TP1: $1.568
🎯 TP2: $1.540
🎯 TP3: $1.500
Stop Loss: $1.640
Technical Observations:
Bearish Momentum: $WIF is under strong selling pressure, trading below all major moving averages (MA7, MA25, and MA99).
Resistance Zone: The MA25 at $1.641 acts as a strong resistance level, reinforcing the short-entry setup.
Support Levels: Immediate support is at $1.568, with additional downside potential if this level is breached.
Actionable Advice:
Enter a short position within the specified range if $WIF continues to exhibit bearish momentum. Adjust the stop-loss to secure profits as the price approaches each take-profit level.