$W
🔥🔥W explodes +28% 🔥💥.. Is the correction over?
$W is now trading at $0.02297 (+28.25%), after a price surge from $0.01695 to a 24-hour high of $0.02337, with a massive volume of 832M coins.
Technical analysis:
On the 4-hour timeframe, the coin had been moving sideways in a boring consolidation range between $0.0170 and $0.0185 for 4 days on weak volume. Then came the historic breakout candle, with explosive volume of 74.48M—the highest volume in 180 days. This isn't an ordinary rise; it's whales entering.
The price is currently at $0.02297 (+4.27% on the timeframe), holding above the previous resistance at $0.0185, which has turned into strong support. The recent pullback to $0.0198 came on lower volume, which means there was no real selling pressure.
Trading plan:
Entry: $0.02100–$0.02150 (retest zone)
Target 1: $0.02337 (24-hour high)
Target 2: $0.02600
Target 3: $0.03000
Stop loss: 4-hour close below $0.01950
#Write2Earn #w #CFTCMovesToFoldEventContractsIntoSwapsRules #LedgerPausesCryptoBilisSales #STRKRisesAbout20%In24Hours
🔥🔥W explodes +28% 🔥💥.. Is the correction over?
$W is now trading at $0.02297 (+28.25%), after a price surge from $0.01695 to a 24-hour high of $0.02337, with a massive volume of 832M coins.
Technical analysis:
On the 4-hour timeframe, the coin had been moving sideways in a boring consolidation range between $0.0170 and $0.0185 for 4 days on weak volume. Then came the historic breakout candle, with explosive volume of 74.48M—the highest volume in 180 days. This isn't an ordinary rise; it's whales entering.
The price is currently at $0.02297 (+4.27% on the timeframe), holding above the previous resistance at $0.0185, which has turned into strong support. The recent pullback to $0.0198 came on lower volume, which means there was no real selling pressure.
Trading plan:
Entry: $0.02100–$0.02150 (retest zone)
Target 1: $0.02337 (24-hour high)
Target 2: $0.02600
Target 3: $0.03000
Stop loss: 4-hour close below $0.01950
#Write2Earn #w #CFTCMovesToFoldEventContractsIntoSwapsRules #LedgerPausesCryptoBilisSales #STRKRisesAbout20%In24Hours