$WMTX – From Accumulation to Markup? 📚📈

[theSignalyst]

After months of accumulation around $0.20, $WMTX broke higher and is now pulling back inside a falling channel (flag) toward the same base. Structure remains bullish while price holds above the rising trendline and the $0.20 zone.

Key levels:

$0.20–0.21 ➜ Prior accumulation / demand + rising trendline (confluence).

$0.24–0.26 ➜ First resistance (flag top / recent highs).

$0.15 ➜ Major support if the base fails.

Confluence
Rising trendline + prior accumulation zone + descending flag = a classic continuation setup if buyers defend the base.

Scenarios:

Bullish : Hold $0.20 and break above the flag → momentum toward $0.24–0.26, then $0.30+ if strength persists.

Bearish : Clean break below $0.20 / trendline → deeper correction possible toward $0.15 before bulls try again.

Do you think buyers will defend the base for a fresh markup, or do we need one more shakeout first?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr