Technical Analysis of the Daily Chart (1D) for World Coin (WLD)
1. Price Action and Candle Analysis
General Trend
Dominant bearish trend: The price remains within a well-defined descending channel, with lower highs and lower lows.
Consolidation zone: Currently, WLD is in a consolidation phase around 1.2437, after having hit a low of 0.9636.
Lack of bullish momentum: There is no strong bullish reversal candle. Recent candles have small bodies and upper and lower wicks, suggesting indecision in the market.
Stable volume: Moderate volume is observed without significant spikes, indicating that the market has not yet taken a clear direction.
Key Candles
Consolidation candles: The last candles show small bodies and wicks at both ends, reflecting a balance between buyers and sellers.
No strong bullish candles: To confirm a trend change, it would be ideal to see a large green body candle with a close at the top and a significant increase in volume.
Potential bearish continuation pattern: If there is no strong bullish breakout above 1.2765, the price is likely to continue its downward trend.
2. Technical Indicators Analysis
Bollinger Bands (BOLL)
Upper limit (UP): 2.1606 (strong resistance).
Middle band (MB): 1.5330 (key resistance to validate a bullish reversal).
Lower limit (DN): 0.9054 (extreme support zone).
Conclusion: The price continues to operate near the lower band, indicating bearish pressure. To confirm a bullish move, the price must break the middle band at 1.5330.
MACD
MACD: -0.0050 (slightly negative).
DIF: -0.2357, below DEA (-0.2306).
Histogram: The size of the red bars has decreased, suggesting that bearish strength is weakening, but there is still no confirmation of reversal.
Conclusion: Although bearish momentum has slowed, there are still no clear signs of a bullish crossover. Confirmation with a positive crossover is required to validate a trend change.
Stochastic RSI (STOCHRSI)
STOCHRSI: 31.3782.
MSTOCHRSI: 26.4215.
Conclusion: The STOCHRSI has exited the oversold zone and is starting to show slight bullish momentum. However, it is not in an overbought zone, indicating that there is still room for a possible upward move.
Volume
Current volume: 5.66M, lower compared to previous peaks.
Conclusion: The lack of strong volume prevents the price from having significant bullish momentum. Confirmation with higher volume is needed to validate any reversal attempt.
3. Key Levels to Monitor
Supports
1.2000 → Immediate support.
0.9636 → Strong and key support in the current trend.
Resistances
1.2765 → Immediate resistance.
1.5330 (Middle Bollinger Band) → Key resistance to confirm a bullish reversal.
1.6813 → Important resistance in case of a stronger bullish breakout.
4. Forecast
Bullish Scenario (Possible Reversal)
1. If the price breaks 1.2765 with volume, it may head towards 1.5330, which is the middle Bollinger band.
2. If volume continues to increase and surpasses 1.5330, the next target would be 1.6813.
3. Trend reversal confirmation only if 1.6813 is strongly surpassed.
Bearish Scenario (Continuation of the Trend)
1. If the price does not manage to exceed 1.2765 and falls below 1.2000, it is likely to retest 0.9636.
2. If support at 0.9636 is lost, the next drop level would be 0.9054.
Forecast Summary
Short term: Likely bounce towards 1.2765, but without strong confirmation of bullish reversal.
Medium term: It is necessary to surpass 1.5330 to invalidate the bearish trend.
Long term: If the price fails to stay above 1.5330, the bearish trend will continue to prevail.
5. Investment Strategy for Spot and Futures
Spot Strategy (Buy and Sell)
Long Entry (Bullish)
Entry: Buy between 1.2000 and 1.2437 if support holds and there is a strong bullish candle.
Targets:
1.2765 (First target, partial exit).
1.5330 (Second target, position closure if there is no continuation confirmation).
Stop-loss: Place a stop at 1.1800 to minimize risks.
Spot Selling Strategy
If the price does not break 1.2765, sell part of the position in the short term and wait for re-entry at lower levels.
Futures Strategy (Controlled Leverage)
Short Position (Bearish)
Entry: If the price does not exceed 1.2765, open a short position with a target at 1.2000 and 0.9636.
Stop-loss: Above 1.3000 to avoid a quick liquidation.
Leverage: Maximum 3x due to high volatility.
Long Position (Bullish)
Entry: If the price breaks 1.2765 with strong volume, open a long position with a first target at 1.5330.
Stop-loss: Below 1.2400 to minimize losses.
Leverage: Maximum 3x, increasing only if the trend is confirmed with volume.
6. Risk Management
Spot: Do not risk more than 2-3% of total capital per trade.
Futures: Use low leverage (maximum 3x) and limit risk to 1-2% of total capital.
7. Conclusion and Strategy Summary
The price is in consolidation near a key support, but the bearish trend remains active.
The MACD shows a reduction in selling pressure, but there is still no confirmation of reversal.
The STOCHRSI suggests a possible rise in the short term.
The key level to surpass is 1.2765; if it does not succeed, it is likely to retest 1.2000 or even 0.9636.
Spot Strategy: Buy at support and sell at resistance.
Futures Strategy: Short at resistances and long at supports with moderate leverage.
Final Recommendation: Wait for confirmation with volume before taking a strong position. If the price breaks 1.2765 strongly, open longs; if not, wait for a new decline.
