$WLD

/USDT Technical Analysis and Trade Signal 🚀🎯

1. Current Price: 2.901 USDT

2. Bollinger Bands (20, 2):

Upper Band: 2.921 (Resistance)

Middle Band (MB): 2.877 (Neutral/Support)

Lower Band: 2.833 (Support)

3. Parabolic SAR: 2.837 (Support – a bullish signal when price is above it)

4. 24h High: 3.065

5. 24h Low: 2.764

Trade Signal:

Trend: Bullish, as the price is above the Parabolic SAR (2.837) and near the upper Bollinger Band (2.921).

Momentum: Moderate bullish momentum, but the price is approaching resistance at 2.921. A breakout above this could lead to further upside.

Volume: Strong trading volume with 24h volume at 368.44M USDT, indicating active market participation and potential for continuation.

Target Levels:

1. Target 1 (T1): 2.921 (Resistance at the upper Bollinger Band) – First area to monitor for potential resistance.

2. Target 2 (T2): 3.065 (24h High) – If the price breaks above 2.921, this is the next key level of resistance.

3. Target 3 (T3): 3.150 – A potential extension above the 24h high, if momentum remains strong.

Trade Strategy:

Buy Signal: Enter the trade near the current price (2.901), especially if the price pulls back toward the support level around 2.877 or 2.837 (Bollinger Middle Band or Parabolic SAR).

Stop-Loss: Set stop-loss at 2.837 (just below the Parabolic SAR) to protect from a reversal.

Take Profit:

T1 at 2.921 (first resistance level).

T2 at 3.065 (24h High).

T3 at 3.150 for an extended move if the bullish trend persists.

Momentum Outlook:

The current price is in an uptrend, above the Parabolic SAR and near the upper Bollinger Band, indicating potential for a breakout. If the price consolidates near 2.877-2.837 and then breaks through 2.921, the price could continue to the 24h High at 3.065 and possibly to 3.150 if the momentum accelerates.

Conclusion:

Bullish sentiment: Stay long with targets at 2.921, 3.065, and 3.150.

Bearish scenario: If price falls below 2.837, reconsider the trade and look for a retest of lower support zones.