WLD is currently trading within a descending channel on the 12H timeframe. It’s now facing a resistance cluster that includes the channel resistance, the 12H SMA50, and the Ichimoku cloud. You may consider buying a small position around the current level and near the support zones at:
💰 $0.752
💰 $0.710
💰 $0.653
In case of a breakout above the resistance cluster, the potential upside targets are:
🎯 $0.981
🎯 $1.184
🎯 $1.348
🎯 $1.512
🎯 $1.746
🎯 $2.043
⚠️ Always remember to use a tight stop-loss and maintain proper risk management.
