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Trade Analysis 37: $WIF - Crash, Boom, and Potential Boom $WIF plummeted 63% from its recent high of $2.894 in just 12 days, only to rebound swiftly by 69% to $1.776 (at the time of writing) within a mere two days. It's been a rollercoaster ride for WIF holders, with substantial profits for those who entered around $1.0, as I mentioned in my previous post. Now, let's break down potential scenarios for WIF's price in the coming days, for you to make smarter trade decision: 1. Continuous Rise: If the upward trend persists, the next resistance levels to watch are $2.0 and $2.5. However, a strong rejection is likely at these levels if the overall market sentiment remains bearish. 2. Gradual Decline: Alternatively, the price might dip slowly towards the $1.0 level, this time with a higher RSI and forming a solid base. Prolonged consolidation around $1.0 could present a buying opportunity. 3. Sharp Drop: A worst-case scenario involves a steep decline below the $1.0 support level with high volume. In this case, potential support levels to monitor are $0.5 and $0.35. Nonetheless, if BTC undergoes a sharp drop, it's advisable to stay on the sidelines and observe market conditions. That's it for today $WIF Trade Analysis. I hope this short analysis help you make smarter trade decision.
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🚨🚨🚨 Crypto Alert: BTC Strategy for the Week🚨🚨🚨 ⚠️ Potential Bull Trap Ahead for BTC ⚠️ Bitcoin ($BTC ) is likely to pump, but it might be a bull trap. Expect a slow rise with low volume followed by a dump, similar to the recent crash. Many traders fall for this pattern, driven by FOMO, disregarding fundamentals or current economic conditions. Here’s the plan for this week: 1. Go Long with Tight Stop Loss: Profit from the FOMO pump, but exit quickly. ⏳💸 2. Open a Short Position: - Split orders between $56K-$59K. - Use max 5x leverage. - Keep spare margin to avoid liquidation. - Expect BTC to dump below $48K, but anticipate a zigzag pattern that could liquidate positions unless played safely. 📉🔄 3. Stock Up on Money & Buy Treasury Bonds: - Prepare for the real crash and recession. - During deflation, money will be very valuable, and everything will be for sale. - Buy real estate, stocks, crypto, etc., when prices are low. - If you have loans, deflation will make them harder to pay. Mortgages could become burdensome, potentially losing your house to someone who buys it cheaper. 💰🏠 Stay Safe: - Don’t gamble. - Don’t expect miracles. - Avoid buying shitcoins—repeated mistakes indicate either insanity or stupidity. 🚫🪙 Be smart, stay informed, and make calculated moves. #MarketDownturn #MarketDownturn #RoninBridgeAlert
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🚨🚨🚨 Crypto Alert: BTC Strategy for the Week🚨🚨🚨 ⚠️ Potential Bull Trap Ahead for BTC ⚠️ Bitcoin ($BTC ) is likely to pump, but it might be a bull trap. Expect a slow rise with low volume followed by a dump, similar to the recent crash. Many traders fall for this pattern, driven by FOMO, disregarding fundamentals or current economic conditions. Here’s the plan for this week: 1. Go Long with Tight Stop Loss: Profit from the FOMO pump, but exit quickly. ⏳💸 2. Open a Short Position: - Split orders between $56K-$59K. - Use max 5x leverage. - Keep spare margin to avoid liquidation. - Expect BTC to dump below $48K, but anticipate a zigzag pattern that could liquidate positions unless played safely. 📉🔄 3. Stock Up on Money & Buy Treasury Bonds: - Prepare for the real crash and recession. - During deflation, money will be very valuable, and everything will be for sale. - Buy real estate, stocks, crypto, etc., when prices are low. - If you have loans, deflation will make them harder to pay. Mortgages could become burdensome, potentially losing your house to someone who buys it cheaper. 💰🏠 Stay Safe: - Don’t gamble. - Don’t expect miracles. - Avoid buying shitcoins—repeated mistakes indicate either insanity or stupidity. 🚫🪙 Be smart, stay informed, and make calculated moves. #MarketDownturn #MarketDownturn #RoninBridgeAlert
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