A notable long position in Worldcoin $WLD was liquidated at $2.227, indicating potential market volatility.
Support and Resistance Levels:
Support Levels:
$2.55: This level has previously acted as a base for recent price retests.
Resistance Levels:
$2.50: Identified as the $WLD first major resistance level.
$3.31: The next resistance level to watch if the price breaks above $2.50.
Recommendation:
Given the recent liquidation and current price action, it's advisable to hold off on new positions until the market shows clearer direction.
Monitor the support and resistance levels closely.
A break below support may indicate further downside, while a move above resistance could signal upward potential.
Always use risk management strategies, such as setting stop-loss orders, to protect your investments.
*Disclaimer:
* This analysis is for informational purposes only and should not be considered financial advice.
*Always conduct your own research before making investment decisions.*
#GrayscaleHorizenTrust #BinanceLaunchpoolBIO #BTCNextMove #BTCNextMove