🔥$WLFI pretty bearish right now, but I'm seeing some signs of consolidation that could mean it's stabilizing soon. For trading on 1-hour timeframe, I'm leaning cautiously bullish for a short-term rebound.
From the recent K-line data, volume spiked hard on the downside—like 122M when it hit 0.1648—but it's tapered off during these sideways moves, down to just 5.5M at 0.1685. That tells me the sellers might be running out of steam, setting up for a potential steady-up or even a bounce.
On the fund flows, short-term contracts are a bit mixed (5m outflow of -1.7M, but 15m inflow at +2.77M), though the bigger picture shows net outflows over 24h (-2.67M) and a hefty -34.99M over 7d, which screams ongoing bearish vibes. Spot flows, though, are up a tad at +0.35M in the last day, suggesting some folks are quietly picking up coins at these dips.
Entry longs $WLFI : I'd jump in around the key support at 0.1628 USDT if it holds and throws up reversal clues like a bullish pin bar or rising volume. Or, hold off for a confirmed break above 0.1675 (that's Resistance level).
Stop loss: I'd set it at 0.158 USDT, about 3.9% below entry, right under the recent low to buffer against swings.
Target $WLFI : Shooting for 0.172 USDT, lining up with Resistance zone around 0.1707 and the MA20.
WLFIUSDT
Perp
0.1654
-2.47%
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