Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
WLFI's recent decline has been quite intense. Starting from the high of 0.1815, the price hasn't stopped much, dropping all the way to the current 0.1643. All short-term moving averages have been broken—MA5 (0.1663), MA10 (0.1668), MA20 (0.1689)—none of them held.
From a technical perspective, the situation isn't very optimistic. The RSI(6) has already fallen to 25.8066, deeply into the weak zone, with no sign of a rebound. The MACD green bars are expanding, and the gap between DIF and DEA is widening (DIF at -0.0020, DEA at -0.0016), indicating that the downward momentum is continuing to strengthen. The bulls have been defeated, and signs of main force distribution are particularly obvious, with continuous dumping regardless of the cost.
If you want to trade, you can go short at the current price of 0.1643. Set the stop-loss above the previous high of 0.1815 to give yourself some buffer. The first target is 0.1600, which is the lowest price in 24 hours and has some support. The second target is at the 0.1500 level.
For long-term trend positions, holding firmly is advisable. Short-term traders should take profits in small batches at support levels to be safer—don't be too greedy. Also, beware of the main force continuing to dump and refresh lows in this weak state, as such events happen frequently.