WIFUSDT | Double FVG Confluence — Bearish Continuation Toward SSL

On the 4H timeframe, WIFUSDT is clearly trading within a bearish market structure, with price continuing to respect lower highs and delivering downside expansion — reinforcing a bearish HTF bias.

The key move here is a strong impulsive sell-off that resulted in a Break of Structure (BOS), confirming continuation. Prior to this displacement, price traded into a premium area where relative highs were formed — likely engineering Buy-Side Liquidity (BSL) before the reversal.

What stands out in this setup is the presence of two Fair Value Gaps (FVGs): one in the premium zone and another around equilibrium (0.5). This creates a layered inefficiency structure, offering strong confluence for potential retracement entries. The displacement leg into the lows suggests that price is now in the distribution phase of ICT’s Power of 3 model.

Currently, price is sitting near the lows, likely building short-term Sell-Side Liquidity (SSL). I am anticipating a retracement into the lower FVG first, with potential continuation into the higher FVG if momentum allows. Both zones sit in favorable areas for bearish re-entry, especially if price shows a lower timeframe Change of Character (CHoCH) or rejection within either imbalance.

Targets are set below the current range, aiming for a sweep of external SSL resting under recent lows. Given the clean structure and stacked inefficiencies, continuation remains the higher probability scenario.

Invalidation would be a strong bullish expansion reclaiming both FVGs and holding above the premium imbalance, suggesting a potential shift in order flow.

This is not financial advice. Trade at your own risk.