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$WLD Set for Potential Breakout – Key Levels & Trade Setup to Watch
The
$WLD chart is showing promising signs of a breakout, with the price making an attempt to surpass the Fibonacci resistance level. After facing a minor pullback, the recent correction aligns with past price behavior observed on the weekly chart, indicating that a bullish move might be just around the corner.
Technical Overview & Key Levels to Watch
At present, is testing the downtrend trendline, with the price facing multiple rejections at this level. However, the asset is nearing a robust horizontal support zone, creating a prime opportunity for strategic buying. If buying momentum picks up, the price could move toward the trendline resistance, setting the stage for a breakout and possible further upside.
Price Targets & Momentum Insights
📌 Immediate Resistance Target: $2.20
📌 Trendline Breakout Target: $2.45
📌 Mid-Term Bullish Target: $2.75
📌 Extended Bullish Rally Target: $3.05
With increasing buying pressure,
$WLD is now entering an accumulation zone, positioning it as a strong candidate for traders looking to capitalize on the next potential rally. Patience will be essential as you monitor key breakout points and overall market sentiment to execute a well-calculated trading strategy.
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