Guys, I’m opening a short position on $W here.
Take profit: $0.0220
Stop loss: $0.0309
Look at the chart: the pump has already done its job—it brought attention back to the coin and attracted a lot of late buyers into the move.
But the price is now near the top without continuing clearly upward. That’s where I start to be cautious.
What I’m watching now is the downside reaction.
If $W loses this current area, the buyers who entered late may start closing their positions quickly, which could lead to a much sharper drop than people expect.
There’s still liquidity above, so this isn’t a risk-free trade. But in my view, the easier liquidity to target first is below, from late long positions.
That’s why I’m opening a short position here.
If the sellers take control, the next level I want to see is $0.022 $W
Take profit: $0.0220
Stop loss: $0.0309
Look at the chart: the pump has already done its job—it brought attention back to the coin and attracted a lot of late buyers into the move.
But the price is now near the top without continuing clearly upward. That’s where I start to be cautious.
What I’m watching now is the downside reaction.
If $W loses this current area, the buyers who entered late may start closing their positions quickly, which could lead to a much sharper drop than people expect.
There’s still liquidity above, so this isn’t a risk-free trade. But in my view, the easier liquidity to target first is below, from late long positions.
That’s why I’m opening a short position here.
If the sellers take control, the next level I want to see is $0.022 $W