$WLFI ‌Current price: $0.1535



Direction: Bearish

Reasons:

1. Main funds are suspected to be exiting, the spot market lacks sustained support, 24H drop of -0.88%, bears are gradually taking the initiative, and downside risk is prominent.

2. 1-hour MACD (9,26) has formed a bearish crossover and is trending downward, bearish momentum bars are continuously expanding, and weak characteristics below the zero axis are clear.

3. RSI(14) is at 43, in a neutral-to-bearish range, showing a downward turn with insufficient bullish support and no rebound signals.

4. Price has broken below the MA20 support, volume is shrinking simultaneously, weak price-volume coordination verifies the sustainability of the downtrend.

Support levels:

1. $0.1480 (recent consolidation low)

2. $0.1430 (Fibonacci 0.618 support)

Resistance levels:

1. $0.1570 (24H high)

2. $0.1610 (MA30 resistance)

Suggested take profit: $0.1480, stop loss: $0.1570
WLFI-1.5%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)