#WLD/USDT - UPDATE šØ
$WLD has a red zone between 3.3 and 3.37. Although it has broken this zone several times, the volume was low. When a candle closes above resistance or below support, if the volume isnāt significant, itās best to avoid making a move.
This is exactly what happened with WLD. My target remains the same, aiming for 4.8 to 5. While it did break the resistance, it started consolidating again, albeit not significantly.
WLD then fell back to retest the support at 3.045, which I had already mentioned in my previous post.
As long as this support holds, we are not going down!
WLD is taking time, but if we analyze the volume on higher time frames (>=3), we notice that volume is increasing. This subtly indicates that our targets might still be achievable.
Moreover, remember, if WLD somehow breaks through the red zone, it may face another hurdle between 3.56 and 3.63. A break above this level could result in further upward momentum!
Based on the previous chart, this could roughly result in a 37.39% pump!