Are those chips forgotten in the corner really dead?๐
Recently, $WLD quietly completed a beautiful deep V rebound. It surged 80% in 30 days, with daily trading volume getting pulled up by buy orders to over $600 million, as the price reclaimed above $0.43. Compared to a month ago when it was ignored, this wave of accumulation and ignition by the whales is very evident.
At the bottom of the cycle, sentiment often comes cheaper than fundamentals. Everyone is fixated on how far itโs dropped from its ATH by 96%, but the smart money is eyeing the sudden recovery of liquidity. Clearly, this is not something that retail investors can pull off, a typical oversold rebound narrative.
However, donโt rush in thoughtlessly. Look at the 60% drop over the year; the overhead resistance is still thick as a wall, and each surge is a test during times of liquidity exhaustion.
Do you think this is the starting point for a comeback, or just another precise bait? Leave your position in the comments.
Recently, $WLD quietly completed a beautiful deep V rebound. It surged 80% in 30 days, with daily trading volume getting pulled up by buy orders to over $600 million, as the price reclaimed above $0.43. Compared to a month ago when it was ignored, this wave of accumulation and ignition by the whales is very evident.
At the bottom of the cycle, sentiment often comes cheaper than fundamentals. Everyone is fixated on how far itโs dropped from its ATH by 96%, but the smart money is eyeing the sudden recovery of liquidity. Clearly, this is not something that retail investors can pull off, a typical oversold rebound narrative.
However, donโt rush in thoughtlessly. Look at the 60% drop over the year; the overhead resistance is still thick as a wall, and each surge is a test during times of liquidity exhaustion.
Do you think this is the starting point for a comeback, or just another precise bait? Leave your position in the comments.