WLD/USDT Daily Chart Analysis



1. General Charts and Formations



The chart shows a consolidation period in a clearly sideways movement area. This consolidation period shows that the price is gathering momentum for a breakout to the upside or downside. After a long period of sideways movement, the potential for an upward move is noticeable.



2. Support and Resistance Levels



• Support Level: The area between 2.214 - 2.364 USD represents a strong support zone where the price finds buyers. This area is an important defense point in case of price pullbacks.


• Resistance Level: The 3,500 - 4,000 USD levels stand out as important resistance areas that the price may encounter if it breaks upwards.



3. Target and Price Levels



• Short-Term Target: The 3,500 USD level may be the first target to be tested in case the horizontal area is broken upwards.


• Long-Term Target: If the rise continues, levels of 5,000 USD and above can be monitored as potential profit realization areas.



4. Trend Direction



• Horizontal Trend: The price has been moving within a horizontal band for a long time. The trend direction may become clear with the breaking of the horizontal band.


• Possible Rise: If an upward breakout occurs, the possibility of an uptrend starting becomes stronger.



5. Indicator Analysis



• Momentum and Volume: The relationship between the volume indicator and price movements should be examined. An increase in volume during the upward break of the horizontal band can confirm the strength of the rise.


• RSI and MACD: If the RSI is moving towards the overbought area, caution should be exercised; however, if the MACD is showing an upward movement, it means a positive signal for the rise.



6. Strategy Recommendations



1. Buying Strategy: Breaking the horizontal band upwards and testing this area as support may create a safe buying opportunity.


2. Profit Taking Strategy: Taking profit at the first target levels and closing a portion of the position would be logical in terms of risk management.


3. Stop-Loss: Stop-loss levels should be determined if the price falls below the horizontal band. Especially closing below the 2.214 USD level indicates that selling pressure may increase.


4. Strong Volume Follow-up: Volume support should be sought in upward breakouts. Low volume breakouts pose a risk to the sustainability of the rise.



7. Comment



A long period of price consolidation in a horizontal area may be a sign of a possible big move. A breakout supported by volume may indicate that the rise will be strong. Investors should plan their trades by considering support and resistance levels and applying risk management strategies.