🚨🚨 Breaking Through Weak Support: WLD Signals a Bearish Descent Ahead! 🚨🚨
WLD's chart showcases a bearish trend on a tight consolidation range, signaling potential downward movements. Here's the breakdown:
📉 Bearish consolidation on lower timeframes.
🚨 Current weak support may not hold against the pressure.
🔍 High timeframe analysis suggests a buildup of bearish momentum.
Key Levels to Watch:
🎯 Potential targets if the break occurs: $7.7, $7.4, $7.1 (Monthly VAL).
🛑 Short positions should be approached with caution.
Bullish Scenario :
📈 A bullish pivot could face resistance at $8.7 (weekly VAH).
🚦 Further up, the $9.49 mark (monthly VAH) presents another significant hurdle.
💥 Overcoming these resistance zones is key for a sustained bullish rally.
🧐 Traders should prepare for potential pullbacks at these levels.
🪙 Monitor Bitcoin's movements closely, as it could influence WLD's direction.
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