🚨 $WLD Technical Analysis Update

Let’s break down what’s happening with #WLD and see what the charts are revealing today:

🔍 Key Observations:

Moving Averages:

MA99 (Purple Line): Acting as immediate resistance.

MA200 (Green Line): A significant resistance zone above the current price.

MA25 (Pink Line): Offering short-term support and stability.

Horizontal Support:

1.795 (White Line): A critical level to watch for downside protection.

🔼 Bullish Potential:

If #WLD manages to hold above the MA25 (Pink Line) and breaks through the MA99 (Purple Line), we could see a recovery toward higher levels.

A breakout above MA200 (Green Line) would confirm a strong bullish trend.

🔻 Bearish Scenario:

Failure to break above MA99 or MA200 could lead to downward pressure.

Key support to watch:

1.795 (Horizontal Support)

A break below this could trigger a sharper decline toward 1.600.

🔥 Support and Resistance Levels:

Support:

1.795 (Horizontal Support)

1.600 (Next Key Level)

Resistance:

MA99 (Purple Line)

MA200 (Green Line)

💬 Summary:

Bearish Bias: #WLD remains under pressure below MA99 and MA200, with a chance of retesting the support at 1.795.

Bullish Potential: A breakout above MA99 could ignite a recovery, but watch out for strong resistance at MA200.