🤕 $WLD looks weak and risky again. Updated assessment of its situation.

I've written about the risks that come with investing in worldcoin already in June and July. Now, after we saw the #Altcoinseason2024 wasn't really happening yet. Just a little runup from the beginning of October which allowed some tokens to X2 or slightly better. Worldcoin was also able to gain X2 from the local lows in August and September. So far so good for short term traders. Medium and long term things look different. Rather Bleak. The upward trendline of the last weeks is clearly broken and it's definitely possible hat another wave of heavy selling occurs in the coming weeks, driving price downwards significantly.

So be very careful about this specific project. There are red lights flashing again.

Please make informed decisions by yourself. This is not investment advice.