$WLD , An observation and recommendation for the current status
.
Observations
- The price has recently pulled back from its 24h high of $3.262.
- The short-term EMA (7) is currently acting as resistance.
- RSI values suggest the coin is oversold on a short-term basis, which might indicate a potential buying opportunity if the price starts to rebound.
Recommendation
-Short-Term:
Monitor closely for signs of a rebound above the 7 EMA ($2.867). If the price manages to hold above this level, it could be a good buying opportunity.
-Medium to Long-Term:
The overall trend remains bullish as indicated by the long-term EMA (99). However, wait for confirmation of a rebound before entering a position to mitigate risks of further decline.
For spot traders, wait until you see the breaking of resistance because it might go down a little.
