After being popular for a while, WLD (World Coin) has experienced a wave of decline. It has received a lot of attention recently, which is related to the large-scale release. It is currently facing a lot of selling pressure. WLD (World Coin) belongs to the L2 and AI sectors. It is currently launched on the OP mainnet. Its main functions are privacy and digital payment. I have written about this currency twice before, one for short-term and one for trend direction, both of which have been verified.
I won’t talk much about the fundamentals, but will mainly analyze the market to see whether the trend has changed and how the market will develop in the short term.

Analyze the major weekly trends.

1. After breaking through the previous historical high, there was a wave of retracement to the support. It is currently near the support level and has not effectively fallen below the support, indicating that the support below is very strong.

2. The entire market is still on the right side of the long-term upward trend line, and the high and low points are constantly moving up, indicating that the general trend has not changed, and it is still an upward trend in the bull market.

3. It fell back to the support level range below, stopped falling, and began to oscillate, forming a parallel channel slightly inclined upward.

4. Currently, the high and low points in the oscillation zone are rising, but from the perspective of volume, the volume of long and short positions is relatively balanced, and there is no obvious strength or weakness of the long and short positions.

5. Last week's K-line broke the previous high a little bit and the volume increased, but the extent of breaking the previous high was not obvious, and the body of the K-line was very small, which shows that the pressure from above is very strong.

From the above analysis, it can be seen that WLD has pressure from above and support from below. There is no obvious signal of strength of long and short positions, and it is likely to continue to fluctuate in the near future.

Although the overall trend is an upward trend, the massive selling pressure from the project party is bearish and will affect the market trend in the short term. These two points are equivalent to a combination.

The next trend is crucial. Whether it is a continuation of the trend or a change in trend depends on whether the rise is large in volume after the end of the shock.

After the trend analysis is completed, use the Qianlong Strategy to look at the four-hour short-term trend.

1. The overall four-hour short-term market is currently volatile.

2. The high and low points in the oscillation zone are gradually moving up.

3. Three waves of decline within the oscillation zone, and the short volume is shrinking.

4. Although there was a breakthrough in the oscillation zone in the middle, it did not stabilize. It was a false breakthrough, indicating that there is pressure from above.

5. In the entire shock zone, the bulls have not started to increase their volume.

6. The previous four-hour K-line came near the upper pressure level, but there was no increase in volume.

Through the analysis of the above clues, the short-term trend of WLD is that the bears are weakening, but the bulls are not getting stronger. It will fluctuate and pull back. Waiting for another pullback to show a reversal signal will be a good short-term entry point.

Although the general trend is a volatile market, there are still short-term opportunities due to the volatility on the weekly chart.

The four-hour market changes very quickly. Short-term trading should be exited when profits are good. Don't let yourself be trapped because of greed. Short-term trading emphasizes capital utilization, so you must be willing to take profits and dare to stop losses, otherwise the meaning of short-term trading will be lost.