💥💥WIF market trend analysis
WIF currently shows an obvious bearish trend on the daily chart. It is particularly noteworthy that the key price level of $2.5434 will become the key battlefield for the market's long and short game. If this price cannot be effectively broken, it indicates that the daily bearish trend will continue.
For traders seeking short-selling opportunities, it is recommended to shorten the analysis period to the 4-hour chart and pay close attention to the appearance of purple dot signals, which will be an ideal time to execute short-selling operations. At the same time, if the price approaches but fails to break through $2.4219, the short-side force may accumulate again. At this time, you should patiently wait for the confirmation of the next purple dot signal before entering the market.
In terms of support, the range of $2.3503 to $2.2776 needs to be focused on. This area is not only an important line of defense for the short market, but also a starting point for a potential rebound, providing traders with an effective risk management reference $WIF $SHIB $BOME
