WIFUSDT.P / LONG / M15WIFUSDT may fall from the Bearish Order Block
Bearish Order Block: 2.0909 and 2.0632
WIFUSDT is likely to fall from the bearish order block, with a high probability that this trade will end in profit. Let’s monitor how the price responds in this zone.
WIFUSDT.P / LONG / M15
LEVERAGE :- 75X
Entry Price :- 2.0628
Stop Loss :- 2.1143
Take Profit :- 2.0113
WIFUSDT.P trade ideas
WIFUSDT.P /SHORT / M15WIFUSDT may fall from the Bearish Order Block
Bearish Order Block: 2.1078 and 2.089
WIFUSDT may decline from this bearish order block, with a high probability that the price will move in our anticipated direction. I’ve used Smart Money Concepts (SMC) for chart analysis. Let’s see how the price reacts in this area!
WIFUSDT.P /SHORT / M15
LEVERAGE :- 50X
Entry Price :- 2.0890
Take Profit :- 2.0345
Stop Loss :- 2.1435
WIFhello to everybody and hope you are all doing well.
in tonight's analysis, we are looking at WIF.
the price recently shifted bearish after a fake change of character to the upside and is currently going for a pullback towards the upside and in the long term potentially take us lower.
We can use this pullback in our use and actually take a long trade towards the upside.
we are currently waiting for the price to have an M15 change of character and look to buy toward all of the liquidity below the zone that the price could potentially sell-off.
all those liquidity pools in the chart as shown are our potential zones to target so as soon as the price shifts bullish in micro time frames I will set an order at the zone shown on the chart and take a 1:4RR.
Remember to use the proper risk management system and stay profitable.
thank you and have a good night
25% Possible Gain on WIFWe have made a reversal down to the EMA50 in the last few days and it looks good so far if we hold it. An interesting point is the $3.2 zone, where a lot of liquidity is expected. This could lead to a price increase of up to 25%. Mark the zone on your charts. You will see how the price will soon interact with it.
WIFUSDT / M15 / LONGWIFUSDT Potential Upside from Bullish Order Block
Bullish Order Block: 2.3972 to 2.3573
WIFUSDT is nearing a bullish order block, indicating a potential upward move from this level. Let’s wait for the price to reach the order block before considering a position. Once it touches, we’ll look for confirmation of an upward trend. Let’s see how the price reacts at this zone.
Entry Price :- 2.3974
Take Profit :- 2.4950
Stop Loss :- 2.2998
dogwifhat Correction Alert! (You've Been Warned!)I see five green weeks leading to a lower high (Doji) with decreasing volume each week and then the action turning red. This is happening after dogwifhat (WIFUSDT) peaked in late March 2024. So the five green weeks after a rounded bottom counts as an inverted correction which is over, and once a correction is over we get an impulse.
The initial and main move is the decline that started in March, so, we are about to experience the continuation of the bearish impulse, the resumption of the downtrend; dogwifhat is about to crash.
Thank you for reading.
Namaste.
$WIFUSDT Set for Takeoff - Memecoin Momentum Building!BINANCE:WIFUSDT has taken a small correction after hitting resistance, but it’s now poised for an upward move. As a memecoin on the Solana blockchain, BINANCE:WIFUSDT is positioned well to capitalize on the current trend in the memecoin market. With growing interest and momentum, we can expect a boost in price soon. Keep an eye on this one for potential gains!
BINANCE:WIFUSDT Currently trading at $2.6
Buy level: Above $2.45
Stop loss: Below $1.95
TP1: $2.9
TP2: $3.5
TP3: $4
TP4: $5.5
Max Leverage 3x
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$WIF - Significant Support at $2.40 Here's our Technical Outlook for WIF
Daily Timeframe:
- Price reached the upper band of the yearly VWAP.
4-Hour Timeframe:
- Price has been climbing steadily, showing a strong upward move.
1-Hour Timeframe:
- Price reacted well at the nPOC /low timeframe demand around $2.44.
- Immediate resistance is now at $2.57 (dPOC) , failure to get above it could lead to a retest of $2.50.
If we can hold above $2.50, we could see a push to the $2.70–$2.80 range.
WIF COIN LONG IDEA - WIF SOLANA MEME COIN I will be watching the marked 'Long Zone' for a possible long position.
LTF (lower time frame) confirmation will be needed to open a position.
The possible target would be the purple line.
Risk assets have been performing well recently, but geopolitical risks remain a concern.
Nothing I share is financial advice. For educational purposes only.
#SOLANA #MEMECOIN
Phemex Analysis #29: RSI Divergence Raises Concerns for WIFPHEMEX:WIFUSDT.P has experienced a remarkable 93% surge over the past month, indicating a significant increase in market confidence. However, recent price action has shown signs of weakness, raising questions about the sustainability of this bullish momentum. A 1D RSI divergence observed on October 14th further complicates the picture, as the price is rising while the RSI is declining.
Analyzing the RSI Divergence
A 1D RSI divergence occurs when the price creates a higher high, but the RSI forms a lower high. This divergence often signals a potential reversal or a pause in the uptrend. In the case of WIF, the divergence suggests that the buying momentum may be waning, and a correction or consolidation phase could be imminent.
Overall Bullish Sentiment
Despite the recent divergence, the overall bullish sentiment surrounding WIF remains strong. The 93% surge over the past month is a clear indication of growing investor interest and confidence in the project. This positive sentiment could continue to drive the price higher, especially if there are further developments or announcements that support the bullish narrative.
Potential Scenarios
1. Continuation of Upward Trend: If WIF can overcome the RSI divergence and sustain its upward momentum, the price could continue to rise. Positive news, increased adoption, or favorable market conditions could fuel further gains.
2. Temporary Correction: A correction or consolidation phase may be necessary to digest the recent gains and allow for a more sustainable uptrend. If the price retraces but remains above key support levels, it could be seen as a healthy buying opportunity.
3. Reversal: In the worst-case scenario, the RSI divergence could signal a reversal of the uptrend. However, this would require a significant breakdown below key support levels and a change in market sentiment.
Potential Trading Strategy
Given the current market conditions, a cautious approach may be prudent. Traders could consider the following strategies:
I. Partial Profit Taking: For those who have already realized substantial gains, taking profits on a portion of their position could help protect against potential losses.
II. Tight Stop-Loss Orders: Placing tight stop-loss orders below key support levels can help limit losses in case of a sudden price decline.
III. Wait for Confirmation: Traders could wait for a clear breakout above the resistance level or a confirmation of a bullish reversal pattern before entering new positions.
Conclusion
While WIF's recent surge is a positive sign, the RSI divergence suggests that a period of consolidation or correction may be necessary. Traders should be mindful of the potential risks and carefully evaluate the market conditions before making investment decisions. If WIF can successfully overcome the current challenges, it has the potential to continue its upward trajectory.
Tips:
Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Sell WIF/USDT Wedge Breakout in H4The WIF/USDT pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the downside in the coming Days.
Key Points:
Sell Entry: Consider entering a short position around the current price of 2.61, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 2.22
2nd Support – 2.03
Stop-Loss: To manage risk, place a stop-loss order above 3.01. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
WIFUSDT long using proprietary multi-timeframe trend detectionFollowing an initial tap of the liquidity at the last significant high back in July, we've seen a retrace back down to our short term trend (13D EMA).
I like the reaction we've seen there today and am taking an early stab at a long with half size here (because not all of my LTF buy signals have triggered as of yet.
First TP level will be the next logical D1 resistance that'll likely cause a bit of a pullback.
Entry: 2.5579
SL: 2.4914
TP: 3.2127
Short term I'd like to see the H4 close back above the short term trend around 2.70 as this would signal a confirmation of reversal.
WIF Updateso as we predicted price sold off very quickly after sweeping all the higher time frame highs and just now entered the discounted area.
there is this 1h demand on the extreme that I marked and price could bounce from it or it can react from the golden zone as well so I'm gonna watch the price and see what it can do and keep you all updated.
thank you so much <3
Lingrid | WIFUSDT buy Pullback. Long from the SUPPORT zoneBINANCE:WIFUSDT has been consistently making higher highs and higher lows, indicating a bullish sentiment on the 4H timeframe. However, the market began to pull back just below the psychological level of 3.00. Upon examining the daily chart, we can also identify a strong resistance level in this area. Consequently, I believe the market may enter a consolidation phase within the range of 2.50 to 3.00. Correction before extension. I expect the market to retrace towards the support level before moving upwards to test the liquidity above the psychological level. My target is resistance zone at 3.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Potential selloff WIFso price took out several higher time frame highs at the left and I expected to selloff at least to that 1h POI that swept all the liquidities on the left side and is kind of a strong low and what we can do is we can sell it toward that 1h demand and if price showed any bullish signs we it reached that demand we can buy it towards the high.(because it can easily go through it)
our range is between those check marks and price is in premium right now and showed us a bearish micro trend in 30 and 15 min timeframe so if price formed a swing low and showed any chance to enter short I'm gonna send it here and keep you all updated.
best of luck <3