Watching $WMTX here, the main takeaway for me is structure, not the number on the screen. The chart shows a sharp early impulse followed by a long fade, which usually means the first wave of liquidity got absorbed and late buyers became exit liquidity.
After that, it shifted into base building with choppy candles and lots of wicks, basically the market searching for fair value instead of trending cleanly. The recent bounce looks like a reaction off that base, but one strong move alone does not confirm a trend flip.
My approach is simple. I only get interested when it starts printing higher lows and actually holds them. If it keeps whipping both sides, I treat it like a range, size down, and stay patient because ranges punish impatience more than anything.
Lesson here is that when a token moves from hype to base building, the edge is waiting for clean structure, not trying to nail the exact bottom. Are you trading the chop or waiting for a clearer trend shift?
