๐จ๐จ Breaking Through Weak Support: WLD Signals a Bearish Descent Ahead! ๐จ๐จ
WLD's chart showcases a bearish trend on a tight consolidation range, signaling potential downward movements. Here's the breakdown:
๐ Bearish consolidation on lower timeframes.
๐จ Current weak support may not hold against the pressure.
๐ High timeframe analysis suggests a buildup of bearish momentum.
Key Levels to Watch:
๐ฏ Potential targets if the break occurs: $7.7, $7.4, $7.1 (Monthly VAL).
๐ Short positions should be approached with caution.
Bullish Scenario :
๐ A bullish pivot could face resistance at $8.7 (weekly VAH).
๐ฆ Further up, the $9.49 mark (monthly VAH) presents another significant hurdle.
๐ฅ Overcoming these resistance zones is key for a sustained bullish rally.
๐ง Traders should prepare for potential pullbacks at these levels.
๐ช Monitor Bitcoin's movements closely, as it could influence WLD's direction.
๐ข Engage with this analysis by tipping, commenting, sharing, or hitting that like button! Keep your trading strategies nimble and your risk management tight. $WLD #BullorBear