#Write2Earn! #worldocin $WLD In this WLD/USDT chart on the 1-hour time frame, several key elements based on Smart Money Concepts (SMC) can be observed. Here is a detailed analysis:
Observations:
Change of Structure (CHoCH):
There is a clear breakout to the upside from a lower liquidity level (BOS) indicating a possible trend change to bullish.
The movement has generated higher highs and higher lows.
Demand Zones:
The highlighted areas (in blue) show high demand areas where buyers could re-enter the market.
The price reacts positively when exiting these zones, validating them as strategic points.
Institutional Order (POI):
The area marked with green triangles appears to be attracting institutional orders. This reinforces that the marked levels are significant.
Volume:
There is a significant increase in volume during bullish movements, which supports the strength of the trend.
Future Resistance:
Resistance is identified near $4,200. It is important to observe how the price reacts when it reaches this level.
Recommendations:
Entry in Demand Zones:
Consider looking for buying opportunities near the demand zones (around $3,200-$3,400) with additional confirmations, such as candle patterns or breakout of microstructures.
Monitoring Volume:
Monitor the volume in future bullish movements. If the volume decreases, it could indicate an exhaustion of bullish momentum.
Risk Management:
Set stop loss below the last significant low (below $3,000), as a breakout of this level would invalidate the bullish analysis.
Next Target:
Watch the price reaction at the resistance level of $4,200. If the price breaks strongly and with volume, it could pave the way for higher levels.
Overall, the current structure favors buyers, but it is crucial to manage risks against possible corrections towards the demand zones.