🤫 Whales Positioning for $WLFI
Drop While Retail Sleeps! 📉
The silence before the storm for $WLFI ? It looks like smart money is quietly setting up for a move down while most are still sleeping. The charts are speaking, and they're hinting at a short!
$WLFI / USDT - SHORT SETUP
Trade Plan:
Entry: 0.120335 – 0.121923
SL: 0.12589
TP1: 0.116368
TP2: 0.114781
TP3: 0.111607
Why This Setup?
The 4H chart is armed for a short, showing clear signs of weakness. Lower timeframes are confirming this sentiment, with the 15m RSI at 39.28, indicating bearish momentum. Price is currently testing a crucial 1H resistance level, setting the stage for a potential rejection.
Given that the daily trend is range-bound, a move to the downside appears to be the path of least resistance for a swing trade. We're looking for that sweet spot where price breaks down from this consolidation.
The Big Question:
Is this the true start of the leg down towards our first target at 0.116368, or will the current range hold a bit longer before the inevitable drop? Keep a close eye on those levels! #wifi #WLFI #Binance