๐ $W /USDT โ Finally Awakening from the Dead
๐ฐ๏ธ$w Timeframe | ๐น Price: $0.0702 (+17.39%)
After a brutal and consistent downtrend, W is showing its first real bounce in weeks โ but is this a relief rally or the start of something bigger?
๐ Technical Outlook:
Price Action: Trading well below the 99-day MA ($0.0829), but today's bounce finally broke above both the 7-day and 25-day MAs ($0.0609 / $0.0690).
Momentum: A 17% daily candle off the bottom is significant โ likely fueled by short-term mean reversion and oversold conditions.
Structure: Still in a long-term downtrend, but now testing the first stage of early accumulation.
๐ฏ Target Levels (If Bounce Holds):
๐ฏ Target 1 โ $0.085
Backtest of the MA99 and former support-turned-resistance area. This is the first critical battle zone.
๐ฏ Target 2 โ $0.11
Major horizontal resistance level from late Q1 2025. Breaking this would confirm a trend reversal pattern.
๐ฏ Target 3 โ $0.165โ$0.18
Strong liquidity pocket from the November 2024 range. Only possible with high volume and sustained hype โ more of a mid-term swing target.
โ ๏ธ Risk Factors:
The long-term trend is still down until proven otherwise.
A lower high rejection at $0.085 or $0.11 could trap bulls.
Needs volume confirmation โ watch closely for fading momentum.
โ Strategy Insight:
Short-term traders can look for entries above $0.071โ$0.073 with tight stop-loss under $0.066.
Mid-term swing only makes sense if price holds above MA99 on a 3-day close.
Not a place to YOLO โ this is speculative recovery, not yet a confirmed bull phase.
๐ง Conclusion:
W is stirring โ but it's walking on a tightrope between breakout and an
other leg down. The first bounce is always exciting, but the second push is what proves a trend shift. Eyes on volume, structure, and patience.
โ ๏ธ DYOR โ Do Your Own Research. This is not financial advice. Markets can be volatile โ always trade responsibly!#USCorePCEMay #BinanceTGEXNY #BinanceAlphaAlert #BinanceHODLerSAHARA #NODEBinanceTGE