đ $W /USDT: Macro Breakout Ignited! đ„
The weekly chart for W (Wormhole) reveals a massive structural breakout. After completing a deep corrective phase, price formed a rock-solid accumulation bottom at the 1.618 Fibonacci extension level ($0.008069) and has now cleanly escaped a macro descending wedge!
đ Key Technical Targets:
âą First Objective: $0.0500 (1.0 Fib level / Key Psychological Level)
âą Golden Target: $0.0759 (0.618 Golden Pocket)
âą Macro Target: $0.1018 (0.236 Fib level)
âą Invalidation Floor: A weekly candle close below $0.0150 invalidates the setup.
đĄ Smart Strategy: Look for entries on localized pullbacks towards the $0.0200â$0.0220 support block. Momentum indicators show immense buying pressure returning as it begins a multi-month recovery rally.
#Wormhole #wusdt #crypto #altcoins #TechnicalAnalysis
The weekly chart for W (Wormhole) reveals a massive structural breakout. After completing a deep corrective phase, price formed a rock-solid accumulation bottom at the 1.618 Fibonacci extension level ($0.008069) and has now cleanly escaped a macro descending wedge!
đ Key Technical Targets:
âą First Objective: $0.0500 (1.0 Fib level / Key Psychological Level)
âą Golden Target: $0.0759 (0.618 Golden Pocket)
âą Macro Target: $0.1018 (0.236 Fib level)
âą Invalidation Floor: A weekly candle close below $0.0150 invalidates the setup.
đĄ Smart Strategy: Look for entries on localized pullbacks towards the $0.0200â$0.0220 support block. Momentum indicators show immense buying pressure returning as it begins a multi-month recovery rally.
#Wormhole #wusdt #crypto #altcoins #TechnicalAnalysis