📉 $WLFI
/USDT: Is the Local Top In? (Short Setup)
Most traders are still chasing the recent news, but the 4H chart tells a different story. $WLFI is currently hovering at a critical reference level of 0.1029, and the short-term momentum (15m RSI at 55.7) suggests that a local top is forming. With the daily trend remaining range-bound, a mean reversion back to the support levels seems likely.
⚡ The Trade Blueprint (SHORT)
Entry Range: 0.102464 – 0.103382
Stop Loss (SL): 0.105677
Take Profit Targets:
🎯 TP1: 0.100169 (2.7% Move)
🎯 TP2: 0.099251
🎯 TP3: 0.097415
🔍 Market Analysis
Despite the bullish fundamental expansion into the FX and remittance markets, the price action is showing "overlapping bodies" and thinning volume on the probes higher. If $WLFI fails to hold the 0.102 zone, we could see a quick flush toward the 0.099 liquidity pocket.
The Debate: Are we witnessing the start of a genuine breakdown from the range, or is this just another liquidly grab before a final spike? Manage your risk accordingly!
By: Nabiha Noor
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