Analysis of WLD's current trend:
The bottom you think is not the real bottom, because it has fallen below the 200-day moving average and the descending wedge. Despite the recent market crash and rebound, WLD's volatility is still relatively limited, with a 24-hour trading volume of about 5%, and its eight-wave pattern has completely ended.
Due to the previous decline, WLD has hit a certain bottom. Considering that the decline caused by the token release in July may be conservative, if there is good news, this decline may be smaller. However, due to its low circulation, the risk is still far greater than the benefit.
