Technical Analysis of the Daily Chart (4H) for World Coin (WLD)
1. Price Action and Candlestick Analysis
General Trend
Sideways trend with bearish pressure: The price is in a consolidation zone between 1.1685 and 1.2958, with the last candle showing strong bearish rejection from the lower Bollinger band.
Key support at 1.1685: The price has touched this level several times in the past, acting as strong support.
Resistance at 1.2958: Has been an important psychological barrier and the point where sellers have taken control previously.
Recent bearish candles with volume: Indicate that there is significant selling pressure in the short term, with the price testing support again.
Key Candles and their Meaning
Rejection candle at support: The last candle shows a rejection in the area of 1.2040, indicating that buyers have defended this level.
Previous candles with long wicks: Suggest indecision and potential market traps before a directional breakout.
Increasing volatility: Indicates that the market is preparing for a stronger move in the upcoming sessions.
2. Technical Indicators Analysis
Bollinger Bands (BOLL)
Upper limit (UP): 1.3017 (strong resistance zone).
Middle band (MB): 1.2475 (key resistance to overcome to confirm a recovery).
Lower limit (DN): 1.1933 (immediate support zone).
Conclusion: The price is testing the lower band, suggesting oversold and a possible bullish reaction.
MACD
MACD: -0.0038 (slightly negative, indicating bearish pressure).
DIF: -0.0093, below the DEA (-0.0054).
Histogram: Increasing red bars, reflecting that bearish pressure still dominates.
Conclusion: Although the MACD remains negative, it is in a zone where a bullish reversal could occur if selling pressure decreases.
Stochastic RSI (STOCHRSI)
STOCHRSI: 1.3148, indicating extreme oversold.
MSTOCHRSI: 7.0510.
Conclusion: In extreme oversold territory, suggesting that a technical rebound is imminent.
Volume
Current volume: 180.16M, notably high.
Conclusion: Increased volume in a key support area, indicating that there may be accumulation at these levels.
3. Key Levels to Monitor
Supports
1.2040 → Immediate support.
1.1685 → Critical support that has been defended multiple times.
Resistances
1.2475 (Bollinger middle band) → Key resistance to confirm a recovery.
1.2958 → Level to overcome to invalidate bearish pressure.
1.3772 → Upper resistance in case of bullish breakout.
4. Exhaustive Forecast
Bullish Scenario (Possible Reversal)
1. If the price maintains support at 1.2040 and exceeds 1.2475 with volume, the first target would be 1.2958.
2. If it manages to break 1.2958 with confirmation, the next target will be 1.3772.
3. An increase in volume and a reversal in the MACD are needed to sustain a bullish move.
Bearish Scenario (Continuation of the Trend)
1. If the price fails to stay above 1.2040, a drop to 1.1685 is likely.
2. If it loses 1.1685, the next support would be at 1.1580.
3. Selling volume will be key to determine if the drop has enough strength to break these levels.
Forecast Summary
Short term: Likely rebound towards 1.2475, but still without confirmation of reversal.
Medium term: Needs to exceed 1.2958 to invalidate the bearish trend.
Long term: The bearish structure will only change if the price breaks 1.3772 with significant volume.
5. Successful Investment Strategy for Spot and Futures
Spot Strategy (Buy and Sell)
Long Entry (Bullish)
Entry: Buy between 1.2040 and 1.2175 if support holds and there is a strong bullish candle.
Objectives:
1.2475 (First target, partial exit).
1.2958 (Second target, full exit if no continuation confirmation).
Stop-loss: Place a stop at 1.1900 to minimize risks.
Spot Selling Strategy
If the price does not break 1.2475, sell part of the position and wait for a re-entry at lower levels.
Futures Strategy (Controlled Leverage)
Short Position (Bearish)
Entry: If the price does not exceed 1.2475, open a short position with a target at 1.1685.
Stop-loss: Above 1.2600 to avoid a quick liquidation.
Leverage: Maximum 3x due to high volatility.
Long Position (Bullish)
Entry: If the price confirms a breakout above 1.2475, open a long position with a first target at 1.2958.
Stop-loss: Below 1.2000 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 a key support zone and indicators suggest a rebound in the short term.
The MACD continues negative, but shows signs of slowing down in bearish pressure.
The STOCHRSI in extreme oversold suggests that the market may be ready for a technical rebound.
The key level to overcome is 1.2475; if it fails, it is likely to retest 1.2040 or even 1.1685.
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 1.2475 strongly, open longs; if not, wait for a new drop.
