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$WIF
Meme Momentum Still Weak
Trade Setup: Short
Entry Zone: 0.193 – 0.197
TP1: 0.188
TP2: 0.182
TP3: 0.175
SL: 0.202
10x Leverage Max
WIF continues to trade inside a clear bearish structure after failing to sustain momentum from the previous meme rally phase. Price has been consistently printing lower highs while sellers remain active on every relief bounce.
The recent consolidation near 0.19 doesn’t yet show convincing reversal strength. Instead, the chart still looks like a weak stabilization after aggressive downside expansion a setup that often leads to another continuation move lower if support breaks.
From a project perspective, WIF remains one of the most recognizable meme assets on Solana, which means volatility and sudden liquidity spikes can appear at any time. But right now, hype alone isn’t enough to shift the current market structure bullish.
As long as price remains below resistance, downside continuation remains the higher probability setup.