WIF is trapped in a bearish pattern (4H)

[AIcash]

From the point where we placed the red arrow on the chart, it appears that a symmetrical pattern has been forming, which in this context is considered a bearish structure.

This pattern consists of 9 waves and is classified as one of the more complex and time-consuming corrective formations, often indicating prolonged consolidation before continuation. Such structures typically trap traders on both sides before the next decisive move.

At this stage, wave F seems to have been completed, and the price is likely preparing to enter wave G. If this scenario plays out, we can expect increased volatility as the pattern progresses toward its final phase.

The highlighted red zone represents our area of interest for potential short (sell) positions. Ideally, we want to see confirmation within this zone before entering, rather than blindly placing trades.

Targets have been clearly marked on the chart. As a risk management strategy, once the price reaches the first target, it is recommended to move your stop loss to breakeven to protect capital.

Keep in mind that this analysis remains valid only under current conditions. A daily candle close above the invalidation level would invalidate this entire setup and suggest a different market direction, so risk management is essential.

If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.

What do you think? Is WIF bearish?

[nihalsari]

is WIF bearish? yes, no, and definitely depending on which wave we’re emotionally attached to

[kevin1]

“traps traders on both sides” aka nobody actually understands what’s going on

[The_Walking_Dead]

Looks like a classic trap setup on both sides

[Capybara_Capybara]

That supply zone rejection will be key

[febe3f2e35]

Feels bearish… until it suddenly isn’t

[0c4535c1a0]

Symmetrical patterns love to fake everyone out

[Olaf]

Jeśli już się koncentrować na analizie wykresu, to czy nie byłaby ona bardziej kompleksową, gdyby analizować kilka wykresów w różnych skałach czasowych?

[Olaf]

If we are going to focus on chart analysis, wouldn't it be more comprehensive if we analyzed several charts at different time scales?

[Suzukispeedtest]

I’d wait for confirmation too, no rush

[bred]

Liquidity probably sitting below those lows

[Revenant]

This kind of structure usually punishes impatience

[d82ae58262]

Nice clean levels on this chart tbh

[UndeadBeastMonkeykiller]

Break above invalidation and it flips fast

[9777089235]

Short idea makes sense, but risky here

[059d96d16a]

Market loves to hunt both sides first

[GummyBear]

WIF just doing WIF things