Today's Trading Signals for Wormhole $W
Action: Long and Short Position

Entry Range:
Long Position: $0.2700 - $0.2750
Short Position: $0.2950 - $0.3000

SL:
Long Position SL: $0.2650
Short Position SL: $0.3030
TP:
Long Position TP: $0.2850
Short Position TP: $0.2800

🥂Trade Here👇$W

Wormhole (W) has been experiencing a significant downtrend over the past 24 hours (-8.59%), currently trading at $0.2738. Looking at the price action, it seems to be consolidating between $0.2695 and $0.3022, forming a potential range-bound pattern. This consolidation suggests there might be opportunities for short-term scalping.

For Long Positions, we can look for entry around $0.2700 to $0.2750 if the price begins to form support near the lower boundary of the range. The Stop-Loss (SL) is placed below the recent swing low around $0.2650. A potential Take Profit (TP) target of $0.2850 could be reasonable if price moves upward towards the mid-range of $0.28 to $0.29.

For Short Positions, entry would be optimal near the higher end of the range around $0.2950 to $0.3000, where resistance is forming. The SL is set just above $0.3030 to limit the risk in case of a breakout. A TP target of around $0.2800 could be achievable if the price retraces lower within the consolidation zone.

🚨Note: Trade at your own risk. DYOR.
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