WIF/USDT - Fresh meme coin. Trading setup in chanal.
Popular fresh meme coin – Dogwifhat
📊 CoinMarketCap Rank: #102
🐦 Twitter (X): 152K followers
💬 Telegram: 50K members
✅ Highly liquid meme coin – traded on many major exchanges, including Binance.
After the hype phase, the coin is now declining along with the overall crypto market—no exceptions. Essentially, it broke below multiple channel supports, and the price is now sitting at the support of the outer channel.
I also notice a non-textbook Head & Shoulders pattern, which suggests a potential -64% breakdown. The last squeeze happened around this level.
Currently, we are seeing consolidation with increased volume, along with high-wick price action in this zone.
I've marked potential downside support zones as well as upside resistance targets on the chart. Consider this in your trading strategy!
📊 CoinMarketCap Rank: #102
🐦 Twitter (X): 152K followers
💬 Telegram: 50K members
✅ Highly liquid meme coin – traded on many major exchanges, including Binance.
After the hype phase, the coin is now declining along with the overall crypto market—no exceptions. Essentially, it broke below multiple channel supports, and the price is now sitting at the support of the outer channel.
I also notice a non-textbook Head & Shoulders pattern, which suggests a potential -64% breakdown. The last squeeze happened around this level.
Currently, we are seeing consolidation with increased volume, along with high-wick price action in this zone.
I've marked potential downside support zones as well as upside resistance targets on the chart. Consider this in your trading strategy!
📊 Crypto, risk management, and capital growth.
📌 I share real market insights, my personal trades, and objective analysis.
Not financial advice.
💬 t.me/KECapital
📌 I share real market insights, my personal trades, and objective analysis.
Not financial advice.
💬 t.me/KECapital
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.
📊 Crypto, risk management, and capital growth.
📌 I share real market insights, my personal trades, and objective analysis.
Not financial advice.
💬 t.me/KECapital
📌 I share real market insights, my personal trades, and objective analysis.
Not financial advice.
💬 t.me/KECapital
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.