technical analysis and trade setup for $WLD /USDT
Technical Analysis (2H Chart)
1. Price Action:
Current Price: $0.933 (+7.12%)
Recent Low: $0.852
Recent High: $0.938
Trend: After a sharp downtrend, price found support at $0.852 and bounced strongly, forming a potential short-term reversal.
2. Volume:
Strong green volume bar in the last candle, suggesting bullish momentum.
Volume spike indicates increased buying interest.
3. Moving Averages (MA):
MA(5) > MA(10): Bullish short-term crossover.
Both MAs are starting to curve up, supporting short-term upward momentum.
4. Support & Resistance Levels:
Support: $0.889 (previous consolidation area)
Resistance: $0.938 (24h high) and psychological level around $1.00
Next key resistance above: $1.067 (recent swing high)
5. Indicators (Volume Tab Stats):
Today: +4.02%
30 Days: +40.79% (suggests recent recovery trend)
1 Year: -84.56% (long-term downtrend still intact)
Trade Setups
1. Bullish Scenario (Short-Term Swing Trade):
Entry: On minor pullback to $0.90–$0.915
Stop-Loss: Below $0.88
Take-Profit 1: $0.938 (breakout retest)
Take-Profit 2: $1.00 – $1.03 zone
2. Bearish Rejection Setup:
Entry: If price rejects at $0.938 and forms bearish candle
Stop-Loss: Above $0.95
Target: $0.89 → $0.86 (if weakness returns)
Summary
WLD/USDT is showing a short-term bullish reversal with volume confirmation and MA crossover. Caution is still advised due to the broader long-term downtrend. Watch for break and hold above $0.938 for momentum continuation.
