Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#WXTM创作大赛 #WXTM
WXTM Breakdown or Reversal: Key Level Will Decide
WXTM is showing heavy bearish pressure. Price dropped from 0.0083 to 0.0054. Each bounce is weaker. Every high gets sold. Big volume on down moves. Buyers try but fail. Sellers still control.
Chart shows many CHoCH and BOS. Those confirm trend shifts inside lower time moves. But main trend is still down. Price is making lower highs and lower lows. Last BOS was at 0.0063. Since then price failed to break higher.
Smart money is active. Volume is high at lower zones. That shows buyers are loading. But structure is not flipped yet. Until price breaks and holds above 0.0063, it's still bearish.
Strategy now is wait and watch. No need to jump in yet. Let market show clear sign.
Plan 1:
If price breaks above 0.0063 with volume
Buy retest at 0.0061
Stop loss under 0.0059
First target 0.0069
Final target 0.0074 to 0.0079
Plan 2:
If price rejects from 0.0058 zone
Breaks under 0.0054
Sell the breakdown
Stop loss above 0.0058
Target 0.0051 and 0.0048
Smart traders wait for confirmation. This is a possible reversal zone but no proof yet. Price is compressing. A breakout or breakdown is near. You can draw a triangle from last two highs and lows. Break of that triangle will be first clue.
Long term still bearish unless 0.0069 breaks. Volume tells the truth. If we see low volume on pump, exit. If volume spikes with breakout, hold.
Levels to watch:
Resistance: 0.0059 then 0.0063
Support: 0.0054 then 0.0051
Right now market is weak. Sellers still winning. One strong candle can flip all. But wait for that.
This post gives both bull and bear plan. Both are valid. Follow price not hope. WXTM can go either way. Let chart decide. Use stop loss. Stay safe. Wait for volume. Keep it simple.