Trading Signals
Action: Long $W

Entry Price Range: $0.320 - $0.340
Take Profit 1: $0.360
Take Profit 2: $0.390
Take Profit 3: $0.420
Stop Loss (SL): $0.295
Dollar Cost Average (DCA): $0.300
🍼Spot Trader: Click Here 👉$W
WUSDT
Perp
0.33054
+1.01%
🥂Futures Trader: Click Here👆 (Don't overleverage futures trades unless you're a pro (max 2x-5x). Greed is a losing strategy.)
🚨Note: Trade at your own risk; this signal is not guaranteed. DYOR.
Extra Tips: If the price is not in your favor, hold on for a few days, and you may still return with a profit.
Wormhole (W) has shown significant recovery in recent months, with a 66.46% increase over the past 90 days. Despite a 16% drop in the last 7 days, the current consolidation near the $0.310-$0.336 range suggests strong buyer interest at these levels.
Key support at $0.310 aligns with the 24-hour low, making it a potential accumulation zone. On the upside, resistance at $0.360 and $0.390 could act as key profit-taking zones. Wormhole's current 24-hour trading volume of $97.18M signals active market participation, further supporting bullish potential in the short term.
Indicators:
RSI: Currently neutral, with potential to move into bullish territory.
MACD: Gradually turning bullish, signaling a possible uptrend.
Caution: Be wary of broader market volatility, especially given recent price fluctuations. Stick to disciplined risk management.
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