Technical Analysis ($WLD /USDT)
Current Price: $3.56 (+23.75%)
24h High: $3.736
24h Low: $2.845
Support Level: $2.85
Resistance Level: $3.74
Key Indicators:
1. Relative Strength Index (RSI): 75 (Indicates that WLD/USDT is in the overbought region, suggesting a possible pullback or consolidation soon).
2. Moving Average Convergence Divergence (MACD): The MACD line is above the signal line, showing bullish momentum.
3. Volume: Increased volume indicates strong buying interest.
Trade Momentum: Bullish, with strong upward movement in the last 24 hours. The price is pushing against the resistance at $3.74. If this level breaks, further bullish continuation is possible. However, the RSI being in the overbought zone suggests a correction may follow soon.
Trade Signals with Target Levels
Long Position:
Entry Price: $3.56 (current price)
Target 1: $3.74 (Initial resistance level)
Target 2: $4.00 (Next psychological resistance level)
Target 3: $4.20 (Extended target based on price extension)
Stop Loss: $3.00 (to manage risk if the price drops below the support level)
Trade Strategy:
1. Buy near current levels around $3.56.
2. Target 1 at $3.74 – if broken, expect price to test $4.00.
3. Target 2 at $4.00, followed by Target 3 at $4.20.
4. Monitor RSI: If RSI crosses above 80, consider exiting or reducing position due to overbought conditions.
5. Use trail stop once the price hits $3.74 to lock in profits as the price moves toward $4.00.
Momentum Alert:
Bullish momentum is strong, but keep an eye on any sudden pullbacks. If the price drops below $3.00, it could signal a deeper correction.