🔴 Long Liquidation Alert — $WLFI
Priced at $0.05864, up +2.96%. This area is likely a high-density zone for long positions, meaning a bearish breakdown here could lead to a sharp, cascading move lower as positions are forcefully closed.
Support: $0.05820–$0.05857
Resistance: $0.05900–$0.05950
Next Target: $0.05750, then $0.05700
If the support zone holds, we could see a quick bounce back towards resistance. A decisive break below support, however, would invalidate the short-term bullish structure and likely send price to the downside targets. Reclaiming $0.05900 would be the first step toward a recovery.
For now, momentum favors caution until the market confirms direction.
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