##WLD/USDT⚡️⚡️
Entry Points
Support and Resistance:
The price hovers near the POC (3.33), acting as a strong support level. A bounce from this level with increasing volume may provide a low-risk entry for a long position.
If the price breaks below 3.33, the next key support lies near 3.20, as seen in previous lows.
Stochastic RSI Confirmation:
The Stochastic RSI shows a potential bullish reversal signal as it edges toward a crossover in oversold territory. Wait for confirmation of the crossover before entering.
Volume Profile:
Entries around the POC are strategic since the price often revisits high-volume zones. Look for bullish candlestick patterns forming around this area.
Risk Management
Use a stop-loss slightly below the POC at around 3.32 or below the next support (3.20), depending on your risk tolerance.
Monitor the Stochastic RSI to avoid entering during false signals or if it crosses back down.
To add on this
This chart suggests a high-probability entry near the POC (3.33) as long as bullish momentum builds. Watch for confirmation in the form of increased buy volume or a breakout above resistance (3.40).
# binance