$WLD #WLD
*WLD/USDT 1H chart
1. Detailed technical analysis:
Current price: 1.558 USDT
Nearest strong resistance: 1.648 USDT (nearest peak)
Nearest support: 1.434 USDT (MA25 zone + temporary stable sideways zone)
RSI indicator (6):
Level 70.744: Entering overbought zone => potential for slight correction.
MACD:
MACD and Signal lines are preparing to cross down => warning of weak upward momentum.
Volume:
Volume has peaked and is declining => buying force is weakening.
Trend:
Price remains above MA(7), MA(25), and MA(99) => medium-term trend is still bullish.
However, the price has hit the old resistance zone and is correcting.
2. Suggested trading strategy:
A. Long (when there is stable pullback):
Entry: 1.495 - 1.510 USDT (when RSI drops to around 60 and price bounces from MA25)
TP1: 1.590 USDT
TP2: 1.648 USDT (old peak)
SL: 1.460 USDT (breaks below MA25 and RSI below 50)
B. Short (if price breaks MA25 + RSI drops sharply):
Entry: 1.430 - 1.445 USDT (when price breaks short-term support)
TP1: 1.370 USDT
TP2: 1.310 USDT
SL: 1.480 USDT
3. Note:
Monitoring price reaction at MA25 (1.397) is extremely important.
Wait for confirmation signals from RSI and MACD before entering a position.
Do not FOMO at the current price level as it is near resistance and there are signals of slight correction.