Technical Analysis for $WLD

/USDT:💯🔥

Current Price: $2.11

Trend: Bullish momentum, with the price rising by +1.10% in the last 24 hours.

Key Indicators:

1. MA (Moving Average): The short-term moving averages are supporting the current bullish trend.

2. EMA (Exponential Moving Average): The price is above the 50-period EMA, indicating an uptrend.

3. Bollinger Bands (BOLL): Price action is near the upper band, suggesting continued upward momentum with potential volatility.

4. SAR (Parabolic SAR): The SAR is beneath the price, indicating a strong buy signal.

Trade Signal:

Buy Signal confirmed by positive price momentum and supporting indicators.

Trade Targets 🎯 (Short-Term):

1. Target 1: $2.15 (Resistance zone, likely a point for short-term profit-taking)

2. Target 2: $2.18 (Previous 24h high, likely to be revisited)

3. Target 3: $2.22 (Further upside continuation, strong resistance around this level)

Trade Momentum: The market is in an uptrend, with moderate buy pressure indicating the potential for further gains in the short term. If the price retraces below $2.075, it may signal a reversal or consolidation, so traders should adjust their strategy accordingly.

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