$WLD #Arabicwhales #MyFamily #Everyone #Binance s
### 1. **Current Overview:**
- **Price Action:** The price rose sharply from the $1.68 level and is currently hovering around $2.07 after reaching a high of $2.11.
- **Moving Averages:**
- **MA(7):** $1.938 â The price is significantly above the 7-period moving average, indicating strong bullish momentum.
- **MA(25):** $1.8421 â also below the current price.
- **MA(99):** $1.6989 â The long-term moving average is far from the price, confirming the bullish strength.
### 2. **Indicators:**
- **RSI:** 93.67 (Overbought Zone) â This indicates that the market is in a significant overbought condition, which could mean a correction or pullback is likely soon.
- **MACD (Moving Average Convergence/Divergence):** The MACD line is well above the signal line, indicating strong bullish momentum. However, the large gap between the two lines suggests that the rally may be overdone.
- **Volume:** A large increase in volume accompanies the upward movement, supporting the recent rise in price.
### 3. **Trading Plan:**
#### **A. Long Entry:**
- **Entry:** Enter a buy trade if the price pulls back to an important support area. Ideal levels to watch are around $1.97 (near the previous consolidation area) or $1.93 (near the 7-period moving average).
**Take Profit (TP):** Based on the current bullish momentum, targets can be set at:
- First target: $2.11 (previous high)
- Second goal: $2.14 (Psychological resistance)
- **Stop Loss (SL):** A safe stop loss can be placed below the $1.90 level to insure against a trend reversal.
#### **B. Short Entry:**
- **Entry:** If the price shows signs of rejection at the $2.11 or $2.14 level, it may indicate an opportunity to enter a sell trade.
**Take Profit (TP):**
- First target: $1.97 (support level)
- Second target: $1.93 (MA(7) level)
- **Stop Loss (SL):** Set your stop loss above $2.14 to protect yourself against a strong breakout and continue the uptrend.
#### **C. Plan if the trade goes against you:**
- **If the purchase deal fails:**
**Plan B:** Exit if the price drops below $1.90 and look for a re-entry at the MA(99) level near $1.70.
- **If the sale deal fails:**
**Plan C:** If the price breaks the $2.14 level, consider cutting losses and reassessing. The next possible resistance level could be near $2.20.
### 4. **Deal Duration:**
- Since this is a 1 hour chart, the trade may last between 12 to 48 hours depending on price movements and volatility.
### 5. **Final Notes:**
- The RSI indicates a possible overbought situation, so be careful with buying trades at this stage without a price correction.
- Always place a stop loss to manage risk, especially with strong upward momentum that may quickly reverse.
#### **Disclaimer:** This is not financial advice. Always do your own research before trading and manage your risk accordingly.
