Detailed technical analysis for WLD/USDT:
1. Key Supports and Resistances:
• Current Support: 2.152 USDT (recent low).
• Immediate Resistance: 2.200 - 2.217 USDT (close to 25-period MA).
• Strong Resistance: 2.311 USDT (recent high).
2. Technical Indicators:
• Moving Average (MA):
• MA(7) is at 2.192, indicating a short-term bearish trend.
• MA(25) and MA(99) are slightly away from the current price, showing a pullback towards lower levels.
• RSI(14):
• It is at 40.33, indicating that the asset is not yet oversold, but is approaching levels where a bounce could occur.
• Volume:
• Decreasing volume reflects a lack of buying strength at the moment, suggesting caution before opening long positions.
3. Price action:
The price is in a consolidation zone near the 2,152 USDT support. If this level is broken with significant volume, it could seek a lower level. On the contrary, if it holds, a technical bounce towards the mentioned resistances is possible.
4. Possible strategies:
• If you want to buy:
• Wait for confirmation of a solid bounce at 2,152 USDT accompanied by an increase in volume.
• Consider setting a stop loss below 2,150 USDT in case of a breakout.
• If you already have positions:
• Monitor the key support and decide to hold as long as the price does not close below this level.
Long-term projection:
Although the price shows weakness in the short term, the history of the markets shows that opportunities arise from patience and strategy. 🚀
“Every setback is an opportunity in disguise. Perseverance and long-term vision are the keys to transforming challenges into successes. 🌟💹”
