WLD/USDT- Bearish trend EXIT attempt has begun (4h analysis) Price: $0.933 | 24h Change: +6.39% 24h Volume: 36.93M WLD (-34.1 2M USDT) Technical Indicators: RSI(6): 54.71- Buying pressure is gaining ground, but has not yet reached the overbought zone. There is a possibility of an upward impulse continuation. · MACD: 0.011- MACD is crossing the zero line, showing a bullish crossover. It gives a buy signal along with the trend. · MA(7): 0.928, MA(25): 0.925 MA(99): 0.987- Closings are taking place on short and medium-term MAs. MA(99) acts as resistance.
Key points on the chart: ·Previous local bottom: 0.835 ·Last high: 1.259 - this level can be a long-term target. ·In recent days, an upward turn is forming in the range of 0.84 -0.93. Scenarios: If the 4s close above 1.0.94, 0.987 (MA99) can be tested. In case of a break of the rate, the levels of 1.05 1.18 are open. 2. If the price falls below 0.90, in this case, 0.86→0.835 should be monitored as a support zone.
Risks and Rewards: RSI above 50 AND MACD turning positive could signal the start of a new uptrend. ·However, proximity to MA(99) could create selling pressure. Conclusion: WLD/USDT is close to breaking the downtrend. Indicators support the possibility of a bullish reversal, especially if MA(99) breaks. There is potential for a 6-10% short-term upside, but below 0.90 is a risk zone.
Levels to watch: · Support: 0.90/0.86/0.835 · Resistance: 0.94/0.987 /1.05 ·Stop-loss (for scalp trades): 0.89 below 4s close
Note: This analysis is a technical assessment only and is not investment advice.
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