📉 #WLD Analysis 📈
On the 1-hour chart, $WLD is moving steadily within a descending channel. Here’s the setup:
🔹 Support Bounce: Price rebounded from the lower limit of the channel at $2.09.
🔹 RSI Breakout: A downtrend on the RSI indicator is nearing a breakout, signaling potential bullish momentum.
🔹 Moving Average Stability: Price is showing signs of stabilizing above the 100 MA, supporting the case for a rise.
💡 Entry Point: $2.16
🎯 Targets:
• T1: $2.24
• T2: $2.34
• T3: $2.44
Keep an eye on the RSI breakout and price movement above the MA for confirmation! 🚀
