Wormhle Token
Notes:
1. Japanese candlesticks:
Current price at 0.3476.
Positive rebound observed after a sharp drop on December 9.
There is fluctuation between 0.30 and 0.35 levels, which means strong resistance at 0.35 level.
2. Trading volume:
Significant increase in trading volume previously, especially during periods of rise.
Currently, trading volume at 461.2K seems relatively low.
3. Current price and support and resistance levels:
Support: around 0.3000.
Resistance: around 0.35 - 0.40.
Indicators:
If the price breaks the resistance level at 0.35 with increasing trading volume, it may indicate an upward trend.
If the breakout fails and the price declines, it may retest the support levels at 0.30.
Recommendation:
Watch the trading volume and move around the resistance levels.
Waiting for a clear breakout with positive candles above 0.35 before entering a buy decision.
Be careful if this resistance level is broken, it indicates that the currency will fly high✈️💸
