$WLFI continues to trade inside a broad descending channel, and recent price action has once again rejected from the mid-channel resistance.
Each rebound attempt remains shallow, suggesting weak demand on pullbacks and a lack of strong buyers stepping in.
From a structural perspective, the market is still respecting the bearish framework.
As long as price fails to reclaim and hold above the descending resistance, the path of least resistance remains to the downside, with a potential continuation toward the lower boundary of the channel.
A meaningful shift in momentum would require a decisive breakout above the descending channel, followed by acceptance above former resistance. Until that happens, any upside moves are better viewed as corrective bounces rather than trend reversals.
📌 Bias: Bearish continuation unless structure breaks
📌 Key focus: Reaction at channel resistance vs. lower support
⚠️ Not financial advice
