$WLD
/USDT Technical Analysis and Trade Strategy 🎯 🚀
1. Price Action:
WLD/USDT is currently trading at $3.89, with a strong recent gain of 14.96%, although it has seen a retracement from the 24h high of $4.190. The 24h low of $3.373 suggests significant volatility in the market.
This retracement may indicate a potential for either continuation or reversal. A break above $4.190 could signal further bullish momentum, while a failure to reclaim this level could result in continued downside pressure.
2. Support and Resistance Levels:
Support: $3.37 (24h low), $3.50 (previous consolidation level)
Resistance: $4.19 (24h high), $4.40 (previous resistance area)
3. Indicators:
Bollinger Bands: The price has been moving near the upper Bollinger Band, suggesting that it could be nearing overbought conditions and may see a pullback.
Trade Strategy:
Bullish Scenario (if price breaks above $4.19):
Entry: Buy if WLD/USDT breaks above $4.19 with strong volume confirmation.
Target Levels (🎯):
🎯 Target 1: $4.40 (resistance level and possible next resistance zone)
🎯 Target 2: $4.70 (extended resistance from previous highs)
🎯 Target 3: $5.00 (psychological level and resistance zone)
Stop Loss: Place stop loss just below the 24h low of $3.37 or around $3.50 to manage risk.
Bearish Scenario (if price fails to reclaim $4.19):
Entry: Short or sell on failure to break above $4.19, particularly if the price starts to show rejection near this level.
Target Levels (🎯):
🎯 Target 1: $3.50 (support level and previous consolidation zone)
🎯 Target 2: $3.37 (24h low)
🎯 Target 3: $3.20 (next support zone)
Stop Loss: Place stop loss above the $4.19 resistance or just above $4.30 to manage risk.
Range Bound Strategy (if price moves within $3.37 - $4.19):
Entry: Buy near support ($3.37) and sell near resistance ($4.19).
Target Levels (🎯): Same as above, targeting the range boundaries.
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