【$WIF Signal】Hold Cash and Watch — Panic Selling in Deep Imbalance, Waiting for Stabilization Signal

$WIF Accelerated downward movement after breaking key support on the 4-hour chart, with severe deep imbalance. Currently in a panic selling phase.

🎯 Direction: Hold Cash

Market Analysis: Price has broken below EMA20 (0.2192) and EMA50 (0.2335), indicating a bearish alignment. The latest 4-hour candlestick shows increased volume on the decline, closing at 0.2042, hitting a recent new low. RSI (27.57) has entered oversold territory, but this indicator alone is insufficient to signal a reversal.

Hardcore Logic: The key bearish signal lies in the order book depth. The ask wall at 0.2043-0.2050 is unusually thick, while the bid wall starting from 0.2041 is sparse downward, with a depth imbalance of 10.75%. This indicates significant selling pressure above and a lack of strong buy support.

Funding rate (-0.0058%) is negative, and open interest (OI) remains stable. Coupled with falling prices, this suggests a "short squeeze" or "longs being forced to close" rather than active shorting by major players. Entering a contrarian buy at this point carries high risk of being absorbed by the deep imbalance of sell orders.

Risk Control Perspective: Price has broken below the previous low (0.2075), which served as support, with no clear technical support below. ATR (0.0065) indicates increased volatility, and any rebound is likely to be suppressed by the sell wall. The probability of success is low; it’s necessary to hold cash and wait for the price to show buy support and deep imbalance correction in key liquidity zones (such as the 0.20 psychological level).

Trade 👇 $WIF

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