Analysis for WLD/USDT(6H)
Resistance Levels:
1. R1: $1.950
2. R2: $2.050
3. R3: $2.115
Support Levels:
1. S1: $1.800
2. S2: $1.750
3. S3: $1.700
Target Prices:
Bearish Targets:
Target 1: $1.800
Target 2: $1.750
Target 3: $1.700
Bullish Targets (if breakout above $2.050):
Target 1: $2.150
Target 2: $2.250
Market Trend:
Current Sign: Bearish
Price is trading below key moving averages (MA7, MA25, MA99), confirming a bearish trend.
Volume and momentum indicators suggest a lack of strong buying interest.
Conclusion:
Bearish Continuation Likely: Monitor support levels at $1.800 and $1.750 for downside targets.
Reversal Potential: If price breaks above $2.050 with strong volume, it may indicate a bullish reversal.
Adjust strategy based on volume and overall market conditions.