Technical analysis by Traders_Notes about Symbol W on 6/4/2025

🔻 The price has dropped around –96% from its all-time high.That doesn’t guarantee a bottom — but further downside is no longer a given.🚫 Opening shorts in this zone looks questionable,especially considering the broader altcoin market structure.📊 A more strategic approach would be to trade from the average price,targeting a potential return to key resistance levels.🎯 A bullish scenario points toward a move to the top of the channel,with a potential +100% upside from current levels.🪙 Worth noting: a major token unlock took place back in April —those tokens are already in circulation, which reduces selling pressure.📌 Still, a drop to the lower channel support can’t be ruled out —this area should be considered in any risk-managed strategy.