🔥🚨 A bearish correction opportunity after an extraordinary peak... $W (Wormhole) is gearing up for a wave of selling and profit-taking! 🚨🔥
📊 Current market data:
Spot price: The W/USDT pair is trading at 0.02270$ , marking a massive gain of +29.27% over the past 24 hours.
Daily range: The price has ranged from a low of 0.01695$ to a high of $0.02285.
Trading volume and liquidity: The 24-hour trading volume reached an active 446.14 million W (equivalent to approximately $8.77 million in active trading).
Technical behavior: After reaching a peak of $0.02285, signs of overbought conditions and divergence from the key moving averages (MA 7 / MA 25 / MA 99) have emerged, opening the door to a notable correction and profit-taking wave.
🎯 Medium-term sell trade plan (Sell / Short):
Trade type: Sell (Sell / Short) to capture the anticipated correction following the sharp breakout.
Suggested entry zone (Entry Zone): Between 0.02220$ and 0.02280$ (taking advantage of volatility near the peak to sell at favorable prices).
Take-profit targets (Take Profit):
First target: 0.02050$ (the MA 7 moving average breakout level)
Second target: 0.01880$ (a test of the strong support level at MA 25)
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Strict stop-loss (Stop Loss): A daily close above 0.02330$ to fully protect the portfolio if the previous peak is broken.
#w $W