WLFI 4H – Wedge at Final Compression Point

WLFI on the 4H timeframe is currently trading around 0.0597 inside a tightening wedge structure formed by a descending resistance trendline from the May highs near 0.0760 and a rising support trendline from the May lows near 0.0513.

Both trendlines are now extremely close to converging with price sitting directly on the rising support trendline near 0.0525–0.0530, while the descending resistance has closed in to just 0.0605–0.0610 above.

The wedge is at its apex and a directional move is imminent.

Key Levels To Watch
0.0760 → Prior high, major resistance above
0.0620–0.0640 → Descending resistance trendline, overhead ceiling
0.0605–0.0610 → Immediate resistance, current cap
0.0590–0.0597 → Current price, pressing on lower boundary
0.0525–0.0530 → Rising trendline support, final floor
Below 0.0513 → Full breakdown, no support below

Price has been making lower highs against a rising floor for several weeks. The window has now nearly closed completely with only a few points separating both boundaries.

A break above the descending resistance near 0.0605–0.0610 would resolve the wedge bullishly and open room toward 0.0640–0.0680 and eventually 0.0760.
A breakdown below the rising trendline near 0.0525 would resolve the wedge to the downside and open room toward 0.0513 and below with no visible support.

This is the final compression point.

Break above 0.0605–0.0610 → wedge resolves bullish, eyes on 0.0640–0.0760.
Lose 0.0525 trendline → breakdown confirmed, new lows below 0.0513.

Neutral inside wedge.
Bias only on confirmed breakout or breakdown.