I suppose BYBIT:WIFUSDT.P price may go down and reach level of 1.8. I've opened short position from 2.59 with take-profit at 1.85. My decision is based on chart pattern "Double top". Despite it is little bit weak I trade it.
I can't believe how does this coin live. BTC is going down, meh, I don't care! This is my third try with this chart. I can clearly see Head and Shoulders pattern. I've shorted with only conservative scenario as I am going to sleep soon :) p.s.: I feel like there is someone behind this coin. I mean market maker or "big money" with its own targets in mind. Maybe...
I believe it is (blue lines) or could be (orange lines) a double-top pattern on 15MIN chart of WIFUSDT perpetual. Possible target prices are marked on the chart. I've shorted at 3.2733. It seems that the right hand of double-top bounced from the level of support (orange line). I hope it is going to break through it later.
It seems this is my fav pattern :) Well, I guess this is Double Top pattern on BYBIT:1000BONKUSDT.P chart which is formed already and is going to the target prices. Here I marked up 2 scenarios: - conservative: orange lines - optimistic: blue lines.
I know this is crazy and all but hypothetically this is a "Head and shoulders" pattern. Right shoulder bounced from the level of support. But there is a slight possibility to go through it. If we calculate related levels then we will face great price drop.
Price is going higher while volume is going down. It seems like people are not so enthusiastic. At the same time main coins today are in the red zone. But this FRONTUSDT.P is in the green zone and is growing during the day. I guess it is possible because of lack of sellers. That's why those few buyers agree to buy at higher prices. I hope that after short period...