🤖WLD/USDT🤖

✔️ $WLD , one of the leading #AI coins, has been in an equally impressive correction process for about a month after its impressive performance in the past months. WLD has currently fallen by a large 45% from the ATH and local tops of $12.00, and the price has not been able to break the downward trend seen on the chart for days. However, WLD seems to have found significant support at the current $6.60 level, while the RSI indicator tells us that WLD has entered the oversold zone on the 4-hour time frame and the downtrend may reverse soon.

✔️ Considering the RSI, volume, triangle structure formed on the 4-hour chart and the price being at a strong support level, I think that WLD should break its falling trend with a voluminous rise and make a targeted rise on the short liquidations left above while the price is falling. Each red line I mentioned on the chart represents levels that can act as resistance, and there are intense short liquidations around these levels.

✔️ Although my thoughts on WLD are bullish for the coming days, the chart shows us that the opposite could happen for about a month. In addition, the recent uncertainties on BTC and #TOTAL3 may have positive or negative effects on the WLD price. We need to analyze such charts before investing, in addition to altcoin charts, as we did for each #Altcoin . For these reasons, risk management and especially gradual purchasing are very important when investing in this coin!

❗️ What I write here is my own opinion and is not investment advice. #dyor