The $WLD /USDT pair is currently in an uptrend. The price has broken above the key resistance level of 2.243, indicating a potential bullish continuation. However, the recent price action suggests a possible consolidation phase before the next upward move.
Trade Recommendations:
* Long Trade: Enter a long position at the current price of 2.243 with a stop-loss at 2.151. The target for this trade is 2.447.
* Short Trade: Wait for a pullback to the 2.151 support level before considering a short position. Set a stop-loss at 2.243 and target 2.023.
Market Outlook:
Given the bullish momentum and the recent breakout, the market is likely to continue its upward trend. However, traders should be cautious of potential short-term corrections or consolidations.
Leverage:
Use leverage wisely. High leverage can amplify both profits and losses. It's crucial to manage risk effectively and avoid over-leveraging.
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