The power of WIF distribution structure is shown again. I bought it at 2.82 today. Fortunately, it sold it at 3.03, otherwise it would be in vain. There is no pattern, and it will rebound as long as it does.

WIF may be in the distribution stage at present. The specific reasons are as follows:
Statement: Please do not use this as a basis for opening an order.

1. From the time the exchange was launched to now, the price has increased more than 20 times. The profit of the main force is substantial enough, and there is reason to distribute and achieve the profit target.
If the trading volume of a small exchange is not enough, then you need to look at the volume and price of several exchanges comprehensively.

When BN is listed on WIF, the opening price is 1. Then the volume and price after 1 will be based on BN. Because the trading volume is large and the depth is sufficient, the impact of volume on price is more accurate.
It can be seen that after this decline, BN's WIF did not have a high trading volume to sustain this decline. The main force only protected the market near the ice line. Because the distribution was not completed, the price could not fall below it, and the range must be maintained for distribution.

2. The current trend is very similar to the first time ORDI fell from 90 to near the 45 ice line, and then bottomed out at a small level and rose again.

These two stages are very similar. Both of them quickly rose 20-30 times after being listed on a large exchange, and then touched the top for the first time at a high level. The reason why ORDI can set a new high with UTAD is that BTC was in a very good market at the time and had been in an upward stage, and market sentiment was high. Now the market is relatively bad, and the sentiment does not support the main force to push a new high, because there will be a lot of false starts, so it is more likely that WIF will follow an LPSY.

3. Moving towards LPSY does not mean that WIF cannot rise. It can go up, but the trend that can be caught is getting shorter and shorter, and the position of LPSY cannot be determined. You can only take one step at a time. If you still hold WIF, you can consider taking profit when it breaks through the key position if the demand cannot keep up.