$WIF Update: Rejection from Resistance Zone! 🚨‼️

🚨 $WIF Pumping Strong, but Approaching Key Resistance! ‼️

On the Daily timeframe, we can see $WIF is reaching a critical horizontal resistance zone following its recent breakout. This area is likely the first major "stop" for the current bullish momentum.

📉 Bearish Signals to Watch:

Horizontal Resistance: The price is currently testing the $0.45 – $0.49 supply zone.

RSI Divergence: On the 2-hour/4-hour charts, a clear bearish divergence is forming. While the price continues to make higher highs, the RSI is making lower highs. This often signals that the upward momentum is exhausting and a correction may be imminent.

💡 Trading Strategy:

Be cautious with late long positions at these levels. We are looking for a short scalp opportunity within this resistance zone, but patience is key. Wait for a confirmed rejection or a breakdown in lower timeframe market structure before entering.

Watch Zone: $0.45 - $0.49

Sentiment: Cautious / Looking for a pullback.
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