WIF/USDT – 2H – SELL

A confluence of bearish signals has fired on the 2H chart for WIF/USDT, including a trendline breakdown, a bearish engulfing candlestick, and multiple momentum indicators (MOM, ROC, ROCR) crossing below zero after a brief upward cross, suggesting the recent bounce has failed. The Balance of Power (BOP) zero cross down confirms selling pressure, while the Fibonacci break of the uptrend (0% level) indicates a structural shift. The STOCHF KD cross down adds short-term bearish momentum. The bearish alignment across timeframes (15m to 8h all bearish, with trend forming on 1H-8H) supports a sustained move lower, though lower timeframes are choppy, suggesting some indecision. Key resistance at 0.16160 must hold to maintain the bearish bias; a break above would invalidate the setup. Support at 0.14080 is the immediate downside target.