WLD Daily Market Analysis
Market Overview
Current Price $3.441, Intraday Decline -7.75%. 24-hour Highest Price $3.821, Lowest Price $3.378, Trading Volume 33,587,700 WLD, Trading Amount 122 million USDT. The price has significantly retreated, and short-term adjustment pressure is evident.
Technical Analysis
1. Moving Average System:
• MA7 ($3.567): Short-term moving average is turning down, indicating an adjustment trend.
• MA25 ($2.824): Medium-term moving average is trending upwards, still providing support.
• MA99 ($2.103): Long-term moving average is steadily rising, overall bullish pattern remains intact.
2. MACD Indicator:
• DIF is approaching DEA downwards, red bars are shortening, adjustment momentum is increasing.
• If DIF breaks below DEA, it will further confirm short-term adjustment.
3. Support and Resistance Levels:
• Support Level: $3.40 (currently testing level), $3.20 (previous platform support).
• Resistance Level: $3.80 (short-term resistance), $4.00 (important psychological barrier).
Operational Suggestions
1. Short-term Strategy:
• If the price retraces to $3.40 and stabilizes, a light position long can be attempted, target $3.60, stop loss $3.30.
• If the price rebounds to $3.80 and meets resistance, a light position short can be attempted, target $3.50, stop loss $3.90.
2. Medium-term Strategy:
• If the price pulls back to $3.20 and receives support, a phased long position can be established, target $4.
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