Binance Square
Discover
News
Notification
Profile
Bookmarks
Chats
History
Creator Center
Settings
Post
6000u
--
Box Art
·
--
$WIF Let's take a look at the weekly chart, how much further can WIF drop? After the first peak, it dropped 60%, the same happened the second time. After the first peak, it rebounded 100%, I don't know how much it will rebound the second time. Let's take a look at the liquidation chart, looking down, 1.69 is the last large liquidation range, going further down would mean hitting the uncharted territory. Looking upwards, the brightest short liquidation area is around 3, and the current price has a 56% space to reach 3. I believe there is no issue with liquidating here. If your cost position isn't good, then the closer you get to 1.69, the more you should increase your position to lower the average cost until it is below 3. This way, when it rebounds to 3, you can sell off the additional positions and free up capital. This is my current operational thought process, for reference only.
{spot}(WIFUSDT)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
Cookie Preferences