Guys, Look At $W Token 🚨 I'm Not Talking About The 70% Pump, But I Like The Structure And I'm Watching For A Bigger Swing
OI climbed to around 938M $W (~$28M), while funding stayed slightly negative at -0.00474% and short accounts remained dominant. That leaves room for another squeeze.
Spot flow is the strongest part: +20.05M W on 1H, +7.55M on 4H and +141.85M on 1D. Large orders added +15.92M W on 4H and +53.50M on 1D. Spot CVD recovered to +81.6M W, while futures CVD remained near -1.9B W. Buyers are active, but I want confirmation before assuming the rally continues.
I've also noticed hot-to-cold transfers, repeated transfers to Coinbase Prime custody and a ~$140K Wintermute-to-market-maker transfer. These aren't proof of accumulation. Reported whale data showed profitable longs, but one trader had already sold around 3.27M W.
I couldn't confirm a fresh official Wormhole announcement behind this pump, and the reported 50.41M W unlock around October 16 is another risk to watch.
A short is possible after a clear rejection near $0.0310-$0.0315, followed by a 30M close below $0.0290 and a failed reclaim.
Quick setup:
entry $0.0288-$0.0290
TP $0.0260
SL $0.0303
But spot inflows remain strong and funding is negative, so shorts can get squeezed and hit SL.
👉 My actual plan is to wait for a pullback rather than chase or force a short. I'm watching the $0.0265-$0.0270 area, with $0.0235-$0.0242 as a deeper pullback zone if price corrects. If the structure holds and spot buying returns, I'm looking for a bigger swing toward $0.050-$0.054 — roughly 2x from the deeper zone, not a guaranteed outcome.
Patience, guys. I want the entry with better RR, not just a green candle.
OI climbed to around 938M $W (~$28M), while funding stayed slightly negative at -0.00474% and short accounts remained dominant. That leaves room for another squeeze.
Spot flow is the strongest part: +20.05M W on 1H, +7.55M on 4H and +141.85M on 1D. Large orders added +15.92M W on 4H and +53.50M on 1D. Spot CVD recovered to +81.6M W, while futures CVD remained near -1.9B W. Buyers are active, but I want confirmation before assuming the rally continues.
I've also noticed hot-to-cold transfers, repeated transfers to Coinbase Prime custody and a ~$140K Wintermute-to-market-maker transfer. These aren't proof of accumulation. Reported whale data showed profitable longs, but one trader had already sold around 3.27M W.
I couldn't confirm a fresh official Wormhole announcement behind this pump, and the reported 50.41M W unlock around October 16 is another risk to watch.
A short is possible after a clear rejection near $0.0310-$0.0315, followed by a 30M close below $0.0290 and a failed reclaim.
Quick setup:
entry $0.0288-$0.0290
TP $0.0260
SL $0.0303
But spot inflows remain strong and funding is negative, so shorts can get squeezed and hit SL.
👉 My actual plan is to wait for a pullback rather than chase or force a short. I'm watching the $0.0265-$0.0270 area, with $0.0235-$0.0242 as a deeper pullback zone if price corrects. If the structure holds and spot buying returns, I'm looking for a bigger swing toward $0.050-$0.054 — roughly 2x from the deeper zone, not a guaranteed outcome.
Patience, guys. I want the entry with better RR, not just a green candle.