๐จ $WMTX New Listing Alert: Support or Sell-off? ๐จ
Hold $0.35 = ๐ breakout toward $0.48 โ $0.55
Break below = ๐ possible dip to $0.28 ๐ฑ
$WMTX just hit the Binance spot market yesterday and the volatility is insane! After the initial listing pump, the price is currently consolidating around the $0.38 โ $0.40 zone. ๐ฌ
๐ What Iโm watching:
The Listing Bounce: We are seeing strong "buy the dip" activity at $0.35. If this floor holds, we could see a secondary rally as new traders FOMO in. ๐ฏ
The Cool-off: If it fails to break the resistance at $0.42, we might see a pullback to the $0.30 psychological level as early investors take profits.
โ ๏ธ Risk Warning: New listings are high-risk! The order book is still stabilizing, so expect "wicky" price action. Use small leverage if you're trading futures. ๐ก๏ธ
๐ก Trade idea:
โ Long: Entry on a 1H candle close above $0.42 (Confirmation of strength).
๐ Stop Loss: $0.34
๐ฏ Target: $0.52 (Take partial profits at $0.48).
Not financial advice โ manage your risk and stay disciplined! ๐ฐ
