$WIF /USDT Bearish Breakdown: Targeting Lower Levels
$WIF /USDT has just broken below the crucial support zone at $0.209, signaling further downside potential. After a failed attempt to hold at the $0.230 level, the price dropped significantly, reaching a low of $0.180. With volume picking up on the sell-side, the market structure is leaning bearish. A continuation below the $0.209 level could push the price down to test the $0.180 support once again.
Trade Setup:
Entry Zone: $0.209 – $0.212
Target 1: $0.180
Stop Loss: $0.230 (previous high)
Technical Justification:
The price is clearly under pressure after breaking key support. The bearish momentum is supported by a surge in volume, suggesting the market is moving aggressively downward. The rejection at the $0.230 resistance indicates strong selling interest. Traders should watch for confirmation of continued bearish action to capture further downside. The risk-to-reward setup is favorable for short positions.
Take Advantage of the Move –
$WIF /USDT Bearish Breakdown!
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