WLFI on the 30min TF
Up to TGE (black vertical line), the 200MA acted as support.
Today that broke, price closed below after rejection at the previous day’s close.
MLR < SMA < BB Center and PSAR is bearish, confirming a downtrend.
RSI is just above oversold, MACD is red, and sell volume is rising.
The key now is whether the green support area can hold.
Always take profits and manage risk.
Interaction is welcome.
Up to TGE (black vertical line), the 200MA acted as support.
Today that broke, price closed below after rejection at the previous day’s close.
MLR < SMA < BB Center and PSAR is bearish, confirming a downtrend.
RSI is just above oversold, MACD is red, and sell volume is rising.
The key now is whether the green support area can hold.
Always take profits and manage risk.
Interaction is welcome.
Trade active
WLFI on the 30m TFPrice bounced back into the green zone as support. The downtrend may have eased thanks to Justin Sun’s tweet and the WLFI treasury’s $2M buy.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.