$W Update. Charts are updated, taking into consideration all other things.
๐ Congratulations to all who took action! ๐
For those who entered at $0.33, weโre now sitting at $0.39:
๐ฐ Spot Gain: 18.18%
๐ With 5x Leverage: 90.9%
This is the power of identifying key opportunities and executing at the right time! ๐
Stay sharp, keep managing your risk, and let's aim for even greater targets ahead. ๐๐ฅ
Pattern: Round Bottom
$W is currently facing a major resistance level at the breakout zone of the Round Bottom pattern.
Key Insights: #warmhole
Breakout Confirmation: Wait for confirmation of the breakout and sustained price action above the resistance. If successful, this could trigger a significant upside move.
Expected Target: The depth of the Round Bottom pattern serves as the expected return post-breakout.
Support Levels: Major support levels are marked to ensure risk management.
Strategy:
Keep a Close Eye: Monitor the breakout level closely for confirmation.
DCA Approach: If the price falls, consider employing a Dollar-Cost Averaging (DCA) strategy to lower your average cost and manage liquidation risk.
Risk Management: Use appropriate stop-loss levels and position sizing to minimize risk.
This pattern suggests a strong potential for upward movement, so stay vigilant for breakout confirmation!