$WLFI is breaking down from a short-term distribution range after repeated failure above 0.178; current structure favors a sell-the-rally / continuation fade rather than attempting a mean-reversion long.
Trading Plan — SHORT
Entry: 0.1710 – 0.1740
Stop loss: 0.1795
Targets: 0.1650 → 0.1605 → 0.1550
Technical
Price formed a clear rejection at 0.1788, followed by strong downside displacement and loss of prior range support, confirming distribution. The bounce from 0.1655 shows weak follow-through and compressed structure, indicating corrective behavior rather than demand absorption. Lower highs beneath former support suggest sellers remain in control.
This thesis remains valid as long as price fails to reclaim and hold above 0.174 on a 4H close. A decisive 4H or daily close above 0.1795 would invalidate the bearish structure and require reassessment.
Bias remains defensive and execution-focused. Rallies into broken structure are treated as liquidity until proven otherwise.
Trade WLFI on Binance👇
