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WUSDT

Large amounts of tokens unlocked----WIn the crypto market, there is an event-driven strategy based on token unlocking, which we mentioned in a previous analysis on WLD. This week Wormhole (W) will unlock tokens on August 3, releasing 600m W, worth approximately 180m US dollars. Equivalent to 33.33% of Cir.supply. The ingredients are Foundation Treasure, Ecosystem, and Community, and they may sell the tokens. W may fall as a result. Wormhole belongs to the Cross-Chain Communication track. Unlike cross-chain bridges that meet the needs of ordinary users, the purpose of Wormhole is to build a cross-chain layer to meet the protocols’ demand and improve interoperability. Layer0, Omni network and Axelar all belong to this track. It is the future development demand of the crypto market, but it is difficult to have a pump like the AI track in the short term. So there are trading opportunities combined with unlocking events. Since it will be unlocked this week, both 1h and 4h are good trading levels. If you are not good at trading, then you can use the TSB indicator. TSB has successfully predicted multiple entry of short positions and prompted the SELL signal again on July 28. This indicates that we are currently in a bearish trend. The price is currently rebounding to the wavy area, which, as we have been saying, will provide short strength and is a good position to add positions. Introduction to indicators: Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated. KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits. Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by sypool-AI-TradeGenius
[LONG] Wormhole going for the binance listing pattern (part 2)After the first run Wormhole is giving another chance at a strong demand level. buy: 0.50~0.55 target1: 0.634 mid channel. you can move your SL to entry at this point target2: 0.748 upper band. take out half position here target3: 1.11 first dead cat bounce top. here most spot buyers that got trapped will sell. don't risk your gains and close the position. Let's see if this time it can reach the 3rd target!! part 1:
Long
by helpfulPear98930
4
Wormhole W price at consolidation, where next ?It's been 2 months since the #Wormhole airdrop and listing. The price of #WUSDT has managed to drop significantly and move into a consolidation phase. ⁉️ Question: 1️⃣ will the NYSE:W price be accelerated now with a parabolic amplitude? 2️⃣ Do we need another correction to the $0.55 area and then growth according to the blue scenario? What do you think? It seems that in both cases, the #WUSD price should be accelerated to $1-1.10 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
12
W is about to moon :#W #Analysis Description --------------------------------------------------------------- + The price is showing a strong rebound from a major support level. + Recently, it successfully broke through the resistance line, indicating a potential upward trend. + Based on this momentum, I anticipate that the trend will hold steady and reach our projected targets. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.648 Stop Loss: 0.498 ------------------------------ Target 1: 0.752 Target 2: 0.873 Target 3: 1.023 Target 4: 1.257 ------------------------------ Timeframe: 12H Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Trade Idea for Wormhole (W) - Accumulation StrategyWormhole (W) is currently priced at approximately $0.65660, with a market cap of $1.19 billion. The token has shown some volatility, with a 24-hour low of $0.62410 and a high of $0.66720. This price action offers potential buying opportunities within a strategic trading plan​​. Start by purchasing W at the current price of around $0.65660. This entry point lies near the lower end of the recent price range, potentially maximizing gains if the market rebounds. If W's price further drops to around $0.62775, consider this a key level for additional purchases. This allows for averaging down the entry price and capitalizes on broader market movements. Establish a series of take profit targets to capitalize on potential price recoveries. Begin taking profits at $1.05, followed by subsequent targets at $1.20, $1.40, $1.60, and $1.80. These targets are set to capture profits at key psychological levels as the market potentially appreciates in value. The price performance of W over recent months has been subject to significant swings, indicative of both underlying volatility and active trading interest. Given Wormhole’s role as a prominent interoperability platform, it harnesses substantial utility within the blockchain ecosystem, which could drive its value upwards as cross-chain communication becomes increasingly pivotal​. This strategy suggests a higher risk tolerance, given the omission of a stop loss. It's suitable for investors with a longer-term horizon who can withstand potential downturns in price. Wormhole's strategic significance in enabling interoperability across various blockchain networks, coupled with its current market valuation, presents a compelling case for accumulation. The staggered profit targets aim to optimize returns from volatility, capturing value as it accrues. This trade idea is based on current market dynamics and the strategic role of Wormhole within the blockchain ecosystem as of May 2024. Cryptocurrency investments carry inherent risks, including the loss of principal. Investors should conduct their own research and consider their financial circumstances and risk appetite before engaging in cryptocurrency trading. This analysis is not financial advice.
Long
by icordkaz
$W long ideas Trading during the accumulation phase in the Wyckoff method involves identifying potential accumulation zones and entering positions based on signs of accumulation by smart money. Here's a basic guide on how to trade during this phase: 1. **Understand Accumulation Phase**: In the Wyckoff method, accumulation is the phase where smart money (large institutional investors) starts accumulating shares while prices are low. This phase typically occurs after a prolonged downtrend. 2. **Identify Accumulation Zones**: Look for areas on the price chart where the price is range-bound or shows signs of consolidation after a downtrend. These zones often exhibit decreased volatility and relatively low trading volumes. 3. **Analyze Volume**: Pay close attention to volume patterns within the accumulation zone. Look for decreasing volume during the downward move and increasing volume as the price starts to stabilize or move sideways. This suggests that smart money is accumulating shares. 4. **Study Price Action**: Analyze price action within the accumulation zone. Look for signs of absorption where the price remains stable despite selling pressure. Higher lows and lower highs can indicate that buying pressure is building up. 5. **Confirm with Indicators**: Use technical indicators like moving averages, relative strength index (RSI), or accumulation/distribution indicators to confirm the strength of accumulation. These indicators can provide additional insight into the underlying buying pressure. 6. **Wait for Confirmation**: Wait for confirmation before entering a trade. Look for a breakout above the accumulation zone accompanied by a surge in volume. This confirms that the accumulation phase is ending and an uptrend may begin. 7. **Set Stop Losses**: Place stop-loss orders below the accumulation zone to manage risk. If the price breaks below the accumulation zone, it could indicate a false breakout or a continuation of the downtrend. 8. **Monitor the Trade**: Once you enter a trade, monitor it closely for signs of continued accumulation or distribution. Adjust your position or take profits accordingly based on changing market conditions. 9. **Consider Multiple Timeframes**: Analyze multiple timeframes to get a clearer picture of the overall market trend and the strength of accumulation. Higher timeframes can help confirm the validity of accumulation patterns observed on shorter timeframes. 10. **Practice Patience and Discipline**: Trading during the accumulation phase requires patience and discipline. It's essential to wait for clear signals and confirmation before entering a trade, and to stick to your trading plan once you're in a position. Remember that trading involves risks, and it's important to conduct thorough research and practice risk management to improve your chances of success. Additionally, studying historical Wyckoff accumulation patterns and observing real-time market behavior can help refine your trading skills over time.
Long
by Crypto-Adda_Official
Wormhole(W) is Ready to Pump🚀➕20%_40%🚀💡Today, I want to analyze the Wormhole(W) project for you, which has been listed in different exchanges for less than 3 days . 📚What Is Wormhole(W)❗️❓ 🔸Wormhole is the leading interoperability platform that powers multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more. 🔸The wider Wormhole network is trusted and used by teams like Circle and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through over 1 billion cross-chain messages. 🏃‍♂️ Wormhole(W) is currently moving near the 🔴 Resistance zone($1.050-$0.997) 🔴and Resistance lines ( the upper lines of the wedge pattern) . 📈From the point of view of Classical Technical Analysis , Wormhole(W) seems to have succeeded in forming a Falling Wedge Pattern . 🔔I expect Wormhole(W) to start going up (🚀40%🚀) to the 🔴 Resistance zone($1.280-$1.200) 🔴 after touching the 🟡 Potential Reversal Zone(PRZ) 🟡. ❗️⚠️Note⚠️❗️ : If Wormhole(W) breaks the 🟡 Potential Reversal Zone(PRZ) 🟡 , the analysis will fail (if Wormhole(W) breaks the 🔴 Resistance zone($1.050-$0.997) 🔴, it will be a more reliable entry point). ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. Wormhole analysis (WUSDT), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
11