The Long Investor

$WULF

Added 2024-06-18 09:21:28 +0000 UTC

$WULF has been the strongest crypto company lately by a long mile but we can see that before the price broke out of this triangle, it followed the dimensions of the formation extremely well, so when it broke out, it jumped aggressively.

This can happen when the price action coils like this in a triangle, it builds up energy in the supply zone and attracts more buyers, so when the apex gets tight, there is only one way to go.

I had set an ambitious target for Wave 3 at the 1.618 Fib and it looked absurd in Wave 2 but it doesn't look unreasonable now at $6.50.

A pull back and hold above the blue line at $4 would be a great area to enter to catch the rest of Wave 3 but be greedy for support confirmation at $4.