Breaking News: $WIF Liquidation Alert
A significant long position worth $119,000 was liquidated at the price of $3.354!
The market has taken a sudden turn, shaking confidence among bullish traders.
What's Next for $WIF ?
This liquidation suggests that the bulls failed to defend critical support, and the pressure from bears is intensifying.
However, all is not lost! Here’s what could happen next:
1️⃣ Short-Term Bearish Pressure:
The price might dip further as stop-losses and liquidations cascade.
Traders should watch closely for a bottom formation.
2️⃣ Possible Rebound Zone:
Look for strong support near $3.20 to $3.25. If buyers step in aggressively, this could trigger a bounce.
3️⃣ Key Levels to Watch:
Resistance: $3.50 (recent breakdown point).
Support: $3.20 (potential buy zone).
What Should You Do?
For Bulls: Wait for clear signs of a reversal before entering.
For Bears: Trail profits but be cautious of sudden recovery spikes.
Keep a close eye on market sentiment and volume — the next move could be decisive!
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