This is $WLFI on the 1h TF.
The green zone looks like the last clear support. Price is testing a higher low inside it and aiming for a higher high just above, right under the 200MA; the 50MA is crossing down below the 200MA (death cross). That signal can cut both ways, curious about the two scenarios? Ask.
System-wise it’s still a downtrend: MLR < SMA < BB center, PSAR bearish. No doubt there.
My question: does price hold this green zone or not?
Context: I’m long here with basically zero liquidation risk. The real risk is a total fade, but my gut says WLFI survives and eventually melts faces, after shaking out plenty first. This ride will be one to remember.
Always take profits and manage risk.
Interaction is welcome.
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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.