$WIF /USDT has been experiencing a bearish trend on the chart. The price has been steadily declining, forming lower highs and lower lows. The current price is $1.881.
Entry:
Consider a short position at the current price of $1.881.
Resistance & Support:
* Resistance: $2.000
* Support: $1.800
Take-Profit Targets:
* $1.800
* $1.700
* $1.600
Stop Loss:
Set a stop-loss order above the recent high, around $1.950.
Caution:
Traders should be cautious as the market is currently volatile. Monitor the price action closely and be prepared to adjust your position if the market conditions change. Watch for signs of stability or a potential breakout from the current downtrend.
#WIF #WIFUSDT #CryptoTrading #TechnicalAnalysis #Binance