10.4K @JohncyCrypto #WIF Falling Wedge Consolidation💁♂️
Dogwifhat is forming a falling wedge on the 2D timeframe🔍
✅ Multi-week rally setup developing
✅ Rising volume backing the pattern
✅ Breakout confirmation approaching
Upside targets: $0.27 → $0.36 → $0.48 → $0.70 → $1.30🎯 https://t.co/tSEtsB2Brg
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15.0K @Cryptorphic1 solana:EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm Update
Breakdown from the distribution range played out as expected.
The move delivered 8% downside from our entry, and the structure still looks bearish while price trades below the range. https://t.co/RIyOCsYVpK
15.0K @Cryptorphic1 solana:EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm finally broke below the range support after spending days consolidating inside this box. Price is now trading under the key support zone, and the recent retest looks weak so far.
As long as WIF stays below this breakdown area, the structure remains bearish and lower levels become likely. The breakdown from this range could lead to a stronger move down if sellers keep control.
Right now, this broken support zone is the key level to watch. 👀
DYOR, NFA
#WIF
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15.0K @Cryptorphic1 solana:EKpQGSJtjMFqKZ9KQanSqYXRcF8fBopzLHYxdM65zcjm finally broke below the range support after spending days consolidating inside this box. Price is now trading under the key support zone, and the recent retest looks weak so far.
As long as WIF stays below this breakdown area, the structure remains bearish and lower levels become likely. The breakdown from this range could lead to a stronger move down if sellers keep control.
Right now, this broken support zone is the key level to watch. 👀
DYOR, NFA
#WIF
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