$W up 280% in 3 months from $0.0079 to $0.03 after getting nuked 99.57% from ATH. Now testing multi-year descending trendline resistance at ~$0.032.
Critical inflection point here. Weekly close above resistance with strong volume = potential market structure shift.
Expect 30-50% pullback after this rip. Better R:R at retracement.
Accumulation zone: $0.016-$0.011
Watching for liquidity sweeps + bullish displacement before scaling in.
Targets post-breakout:
$0.04 → $0.12 → $0.4 → $0.5-$1
Invalidation: breakdown below $0.0079
Not chasing into resistance. Either wait for clean retest of demand zone or confirmed breakout with acceptance.
Will @wormhole finally break this multi-year downtrend?
Critical inflection point here. Weekly close above resistance with strong volume = potential market structure shift.
Expect 30-50% pullback after this rip. Better R:R at retracement.
Accumulation zone: $0.016-$0.011
Watching for liquidity sweeps + bullish displacement before scaling in.
Targets post-breakout:
$0.04 → $0.12 → $0.4 → $0.5-$1
Invalidation: breakdown below $0.0079
Not chasing into resistance. Either wait for clean retest of demand zone or confirmed breakout with acceptance.
Will @wormhole finally break this multi-year downtrend?