$WIF remains in a strong bearish structure, with price trapped near the $0.1880 support after a prolonged series of lower highs and lower lows. Sellers are still controlling the trend, and the recent bounce has failed to reclaim major resistance. A clean breakdown below $0.1880 could expose fresh downside liquidity, while only a strong reclaim above $0.2000 would begin to weaken the bearish setup.
Trade Setup
Entry: $0.1875 - $0.1895
Target 1: $0.1810
Target 2: $0.1740
Target 3: $0.1670
Stop Loss: $0.2015
How it's possible
WIF is showing clear downside pressure, with price declining and sellers maintaining control of the short-term structure. The $0.1880 area is the key support zone, while $0.2000 is the major recovery barrier.
A breakdown below $0.1880 with strong sell-volume expansion would confirm that sellers are overwhelming bids around support. The ideal confirmation would be a breakdown followed by a failed retest, turning $0.1880 into resistance.
Weak momentum, continued lower highs, and a loss of support could open the path toward successive downside liquidity zones around the listed targets. The setup becomes invalid if buyers reclaim $0.2000 and hold above it with strong momentum.
If price closes above $0.2015, the bearish setup fails and the trade should be exited to protect capital.
Let’s go and Trade now $WIF
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