Briefly explain WLD
The daily chart shows that the price has continued to fall from the high of 3.198 on June 20 to the current 2.363, forming a clear downward trend
In the recent hourly chart, the price has been blocked and fell back many times near 2.5, forming multiple long upper shadows, indicating that the upper selling pressure is heavy
Technical indicators:
MACD: The hourly MACD is below the zero axis, and both DIF and DEA are negative and close. In the short term, it may continue to fluctuate or slightly decline
RSI: The hourly RSI is currently around 35, not entering the oversold zone, but close, and there is a rebound demand in the short term.
EMA: The hourly EMA7 (2.395) < EMA30 (2.470) < EMA120 (2.649), showing a short arrangement, and the overall trend is weak. The current price is running below EMA7, with relatively high short-term pressure
Short-term entry around 2.25
Stop loss 2.2
If it falls below 2.25, it may continue to fall, set below the previous low to control the risk
Short short: around 2.55
Stop loss 2.6
Personal analysis, decide whether to operate or not, and decide on your own to stop profit! !
