$WLFI /USDT Sharp Breakdown to Local Support
$WLFI is currently trading around $0.1007, down over -5.36% today. We are seeing a significant sell-off after the price failed to hold the $0.1050 level, leading to a quick drop toward the psychological $0.10 support.
🔍 Technical Overview:
Bearish Momentum: A large red "Marubozu" candle shows strong selling pressure with almost no buyer pushback during the drop.
Volume Spike: The sudden increase in volume (red bar at the bottom) confirms the breakdown is backed by high selling activity.
Support Test: The price just touched a 24h low of $0.0986 and is attempting a minor "dead cat bounce."
📌 Key Levels:
Resistance: $0.1050 – $0.1085
Major Resistance: $0.1100
Immediate Support: $0.1000
Next Major Support: $0.0980 – $0.0950
🎯 Trade setup
Sell/Short below: $0.1000
TP1:$0.0980
TP2:$0.0950
Stop Loss: $0.1055
Note: The market sentiment for WLFI is currently weak. Only enter after a confirmed candle close below support to avoid "wick" traps.
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