WWW - Wormhole’s Winning Wave

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈W has been bullish from a macro perspective, trading within the flat rising wedge in blue.

Currently, Wormhole is in a correction phase approaching the lower bound of the wedge.

Moreover, the $0.2 - $0.23 is a strong support zone.

📚 As per my trading style:
As #W is around the lower bound of the wedge, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) and target the $0.5 round number for the next bullish phase.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich