$WLD WLD โ updated picture
TF: 1H
Price: ~0.39
Key resistance area: 0.44โ0.45
Local support: 0.37โ0.38
Global support: 0.34
Overview:
WLD holds an upward trend after a strong bounce from 0.34.
The structure forms a series of higher lows. The current pullback is a reaction after testing 0.43โ0.44.
The price is in the balance zone of 0.38โ0.40 โ accumulation is taking place before the next move.
Thoughts:
An update on the scenario has emerged.
As long as the trendline is not broken โ the priority remains for continued growth.
Key level โ 0.40. A consolidation above increases the likelihood of a move towards 0.44โ0.45.
If there is a breakout and consolidation above 0.45, the potential opens up to 0.48โ0.49 โ liquidity removal zone.
If the price goes below 0.37 โ the growth scenario is postponed and a return to 0.34 is possible.
Targets for the long scenario:
๐ฏ 0.44โ0.45
๐ฏ 0.48
๐ SL โ below 0.37 / under the trendline
Work strictly according to risk management. WLD is sensitive to overall market sentiment and BTC movement.
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