WLD High Position Fluctuation, Key Points of Support and Resistance Analysis

Market Analysis

Current WLD price is $2.327, the 4-hour chart shows a fluctuation and retracement trend:

1. Moving Average Performance: MA7 ($2.359) has turned downward, facing short-term pressure; MA25 ($2.322) is the recent key support; MA99 ($2.240) is trending upward, maintaining a long-term bullish trend.

2. MACD Indicator: A green momentum bar has appeared, DIF is slightly below DEA, indicating strength of short-term bearish forces.

3. Trading Volume: Trading volume is gradually shrinking, market trading is becoming cautious, and it may continue to fluctuate in the short term.

Key Levels

• Support Level: $2.320 (short-term support), $2.240 (strong support)

• Resistance Level: $2.360 (upward pressure), $2.447 (key breakthrough point)

Operational Suggestions

1. Long Strategy:

• Entry Point: $2.320-$2.330

• Stop Loss Point: $2.300

• Target Price: $2.360, $2.400

2. Short Strategy:

• Entry Point: $2.360-$2.400

• Stop Loss Point: $2.450

• Target Price: $2.320, $2.240

Direction Prediction

In the short term, it may test the $2.320 support, and if it stabilizes, it is expected to rebound to $2.360; if it breaks below $2.300, it will test the long-term support at $2.240.

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