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WUSDT trade ideas

Wormhole Weekly AnalysisWormhole ( BINANCE:WUSDT ) has corrected around 34% over the past week, making it the top loser. Wormhole is a leading interoperability platform that supports multichain applications and bridges at scale. As a newly listed coin, there isn't enough price action to analyze from the chart. The $0.778 level is a crucial resistance where Wormhole has faced rejections. The bearish market conditions have pushed Wormhole into a downward trajectory, reaching a low of $0.366. Currently, Wormhole is trying to establish resistance at this level, but if the bearish trend continues, further declines are likely. On the daily time frame, oscillators show a neutral signal, while the moving average indicates a strong sell. In the weekly time frame, oscillators are very bullish, but the moving averages continue to suggest a strong sell.
Short
by Mudrex
[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
**Title: W/USDT: Short-Term Support and Resistance Analysis** **Chart Description:** This analysis of W/USDT on a 3-hour chart highlights key support and resistance levels, providing a short-term trading outlook. The chart showcases significant price zones and includes a volume and RSI analysis to support the observed price movements. **Key Features:** - **Support Levels:** The key support level is identified at $0.632, which has previously provided strong buying interest and prevented further declines. - **Resistance Levels:** Significant resistance is marked at $0.674, where selling pressure may increase. - **Volume and RSI Analysis:** The volume indicator shows relatively stable trading activity, while the RSI (Relative Strength Index) is at 42.092, indicating neutral momentum with no immediate overbought or oversold conditions. **Technical Outlook:** The current setup suggests a consolidation phase between the support at $0.632 and the resistance at $0.674. If the price continues to hold above the support level, we could see a move towards the $0.674 resistance level. Traders should watch for a breakout above $0.674 for confirmation of a bullish trend. **Price Projection:** The chart indicates a potential price movement within the defined support and resistance levels. A break above $0.674 could signal a bullish continuation, while a drop below $0.632 may indicate a bearish trend. **Conclusion:** Traders are advised to monitor the support and resistance levels closely and look for signals of a breakout or breakdown. The RSI indicates a neutral stance, suggesting that traders should wait for a clear signal before entering positions.
Long
by perotrade
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
W (wormhole) pushesWhen the market is focused on memes, W is pushing. This could be because the token is on Solana and a lot of the profit taking is on that chain. You will notice that 20EMA has been taken pretty firmly. The 50 is starting to be taken but not yet confirmed. My previous chart pointed to 68 cents as a key area. I drew a rectangle that shows the price regions I am looking at, lots of wicks and full candle bodies stopping/starting at these levels. -Building support around 68 cents is imperative -A push outside of the channel will likely occur with short term target of 84 cents
Long
by Apollo_21mil
Updated channel on Wormhold (w)This is an updated channel on wormhole after the dust has settled. This range is pretty solidified at this point, this tends to happen with new token launches. There is a lift off the 20 EMA here signaling a potential push towards the high range. 68 cents has a decent amount of resistance, building support around that region would signal an upside break of this channel in the coming weeks. I have chosen to keep my W tokens from the airdrop to see how this plays out.
Long
by Apollo_21mil
👀Short Term $W (wormhole) Prediction--->Possible 80%+👀Hello traders, Today I like to introducing an interesting but a bit risky idea.Do not forget! Higher the risk higher the reward or loss! This coin has unique novel idea behind and it is backed by big names and companies. On the very first day it break above 2B market valuation. Only very few coins were able to this. So off the bat we know that, it is a good quality coin with a good team. Chart is quite young but it is already signalling end of mini correction. I am expecting big things within a week or 2! Keep an eye on this one👀!
by SpaceCatZ
17
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