WORMHOLE W/USD - 1DAY - 1 WEEK TF

On the chart, we can see two channels : one reflects the reaction to previous movement and the other shows the potential current setup.

Inside of each channel, there is a zone of uncertainty (marked with dashed lines) — within this range the price may shake out weak hands and accumulate positions.

After a breakout and confident candle close above this zone, we can expect a strong upward move.
The key point is to wait for a candle body to close above the zone boundary to confirm the impulse.

Additionally, the price is still moving within a global descending channel.
To reach higher targets it’s crucial for the market to break out and hold above the upper boundary of this long-term downtrend channel.