$WLD /USDT Analysis: Bullish Momentum
Current Situation:
$WLD /USDT is currently trading at $3.621, up 25.69% in the last 24 hours. The 24-hour high was $3.736, and the 24-hour low was $2.853.
Market Structure:
The chart shows a clear upward trend with higher highs and higher lows. The recent price action has formed a bullish engulfing candle pattern, suggesting further upward momentum.
Trading Recommendations:
Long Trade:
* Entry: $3.650
* Target: $3.800
* Stop Loss: $3.400
Leverage:
* Use leverage cautiously, as it can amplify both profits and losses.
* Consider a leverage of 2x to 5x for experienced traders.
Market Outlook:
The bullish engulfing pattern and the upward trend suggest a continuation of the bullish momentum in the short term. However, it is important to monitor the market closely for any signs of reversal.
