$WLD /USDT chart analysis and trade setup

1. Trend:

Uptrend confirmed: Price is making higher highs and higher lows.

Recent breakout above resistance near 1.20, confirming bullish momentum.

2. Key Levels:

Support zones:

1.10 - 1.15: Previous resistance now acting as support.

1.00 - 1.05: Strong historical support.

Resistance zones:

1.65 - 1.70: Current peak (where price reversed slightly).

Psychological level: 2.00 could act as a target if breakout continues.

3. Moving Averages:

Green MA (possibly EMA): Currently trending upward — supporting the price.

Red MA (shorter period): Shows recent strong bullish move.

Trade Setup:

1. Entry (Long):

Ideal buy zone: 1.30 - 1.35 (pullback entry near support).

Confirmation buy: On bullish Heikin Ashi candle near the green MA.

2. Stop-Loss:

Below 1.20, or more conservatively below 1.10 if using wider risk.

3. Target:

TP1: 1.60

TP2: 1.70

TP3: 1.95 - 2.00 (extended target if bullish momentum continues)

4. Risk-Reward Ratio:

Ensure at least 1:2 R:R for a solid trade plan.

TRADE $WLD

WLDUSDT

Perp

1.4734

-5.97%