Quick Summary
- Current price : $1.95.
- Short-term outlook: strong buying after treasury/accumulation news — likely retest of near high but 4h RSI indicates short-term overbought.
Technical
- Current price: $1.95
- Short/Medium/Long MAs: MA7 ≈ 1.90 (price above), MA25 ≈ 1.33 (bullish), MA99 ≈ 1.01 (long-term uptrend).
- RSI (4h): ~74–78 — overbought signal on 4h.
- Immediate support: $1.68 → practical SL: $1.60.
- Resistances: $2.21 (near), $2.4–$2.8 (next zone).
- Timeframes to watch: Short 1h/4h, Mid daily, Long weekly.
Market Structure & Volume
- Breakout move with elevated volume; clear impulse candles — short-term momentum strong, but watch for volume divergence on retests.
Trading Plan
- Entry (scale-in): $1.78 — $1.95 (buy pullbacks) or buy on confirmed 4h close > $2.22 for breakout entry.
- Stop-loss: $1.60.
- Take-profit: TP1 $2.21 — TP2 $2.80.
- If TP2 looks unrealistic for your risk profile, use Plan B: scale out at $2.21 then $2.45.
- Management: trail stop above MA7; lock partial profits on volume spikes; reduce size if weak retest.
Overall View
- Bull scenario: continued institutional/treasury accumulation and listings push WLD higher to $2.5–$2.8.
- Bear scenario: failure to hold $1.68 and 4h close < $1.60 signals deeper pullback to MA25; key trigger is 4h behavior around $1.60.
