š¢š WLD/USDT Trade Signal š
Current Price: $1.688
Timeframe: 4H,
š» Down Channel: The pair is trading in a descending channel, testing the Support Area. This suggests a potential bounce is near.
š¢ Support Area: The green zone around $1.65-$1.70 is a critical support level. Any reaction here could initiate a trend reversal.
š Bullish Outlook:
ā¢ Target 1: $1.796
ā¢ Target 2: $1.954
ā¢ Target 3: $2.201
Once a breakout occurs from the current level, expect a strong bullish move towards these targets!
š RSI Indicator:
ā¢ The RSI shows a bullish divergence (marked by the orange line). A move above 45.57 signals momentum shift.
ā¢ Currently at 34.05, indicating the market is oversold, suggesting a possible upward reversal soon.
š” Strategy:
ā¢ Buy Zone: Around $1.65-$1.70
ā¢ Take Profit: Scale out at the above targets
ā¢ Stop Loss: Consider placing below $1.60 to manage risk
ā ļø Trade Wisely!
Disclaimer : DYOR and NFA.
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