$WLD $WLD $WLD 📢💥New level new targets 🎯
With a nearly 12% increase, WLD has experienced strong bullish momentum. 💥
🎯 Technical Outlook and Target Setting
👍Short-Term Targets (15m, 1h):
For intraday trading, watch for a breakout above 1.996. If price clears this resistance, the 2.008 level could be a short-term target.
If there’s a pullback, 1.838 serves as a key support level, where traders may consider setting stop-losses or monitoring for a potential bounce.
👍Longer-Term Targets (4h, 1D):
A sustained breakout above 1.996 could target the 2.008 level, which would mark a psychological level for longer-term traders.
If price reverses and drops below 1.838, the next support level is at 1.700, the 24-hour low.
💥Risk Management
Stop-Loss: Placing a stop-loss around 1.838 or slightly below will help manage risk on a long position.
🤑Take-Profit:
For a conservative target, 1.996 is the immediate take-profit level. For a higher-risk strategy, consider targeting 2.008 if the price shows strength.
💫💫💫Conclusion
WLD has seen a strong bullish trend, with resistance at 1.996 acting as the key level to watch.
A break above this with volume could signal further upward movement toward 2.008, while failure to break might see consolidation or a pullback to support levels at 1.838 or 1.700.
Monitoring volume and using indicators like RSI could provide additional confirmation on the momentum strength. 🤝🤝🤝
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