World Coin (WLD) Daily Chart (1D) Technical Analysis
1. Price Action Analysis and Candlesticks
General Trend
Bearish trend in prolonged consolidation: The price has been oscillating between 1.1300 and 1.2212 within a descending channel delimited by the purple and yellow lines.
Support at 0.9636: Key level where previous declines stopped.
Resistance at 1.2628 (Middle Bollinger Band): Crucial level that must be broken to confirm a reversal.
Price Compression: The price is in a tight range, suggesting that it is preparing for an imminent directional move.
Key Candles and their Meaning
Narrow range candles: Indicate indecision and accumulation near support.
Long lower wicks: Indicate that buyers are defending the support area.
Low volatility candles: The compression of the candles suggests that the market is accumulating energy before a strong move.
2. Technical Indicators Analysis
Bollinger Bands (BOLL)
Upper limit (UP): 1.4802 (strong resistance area).
Middle Band (MB): 1.2628 (key level to confirm a reversal).
Lower limit (DN): 1.0454 (critical support area).
Conclusion: The price is near the lower limit, indicating buying pressure if the bearish trend loses strength.
MACD
MACD: 0.0178 (positive, indicating an attempt at reversal).
DIF: -0.1804, approaching DEA (-0.1982).
Histogram: Green bars indicate a decrease in selling pressure.
Conclusion: The MACD shows initial signs of a bullish reversal, but still needs confirmation with a positive crossover.
Stochastic RSI (STOCHRSI)
STOCHRSI: 33.4960, in the low zone and exiting oversold.
MSTOCHRSI: 44.6618.
Conclusion: The STOCHRSI suggests that the price has room for a technical rebound.
Volume
Current volume: 1.17B, significantly higher than recent sessions.
Conclusion: The increase in volume in a key support area suggests accumulation by buyers.
3. Key Levels to Monitor
Supports
1.1300 → Immediate support.
0.9636 → Critical long-term support.
Resistances
1.2212 → Immediate resistance within the current range.
1.2628 (Middle Bollinger Band) → Key resistance to confirm a trend change.
1.3215 → Intermediate resistance in case of bullish breakout.
1.4802 → Strong resistance at the upper part of the bearish channel.
4. Exhaustive Forecast
Bullish Scenario (Possible Reversal)
1. If the price breaks 1.2212 with volume, the first target would be 1.2628.
2. If it manages to exceed 1.2628, the next target will be 1.3215.
3. Volume will be key to sustain the bullish movement.
Bearish Scenario (Continuation of the Trend)
1. If the price fails to hold above 1.1300, a drop to 1.0454 is likely.
2. If it loses 1.0454, the next support would be at 0.9636.
3. An increase in selling volume would confirm the bearish continuation.
Forecast Summary
Short term: Likely rebound towards 1.2212, but needs to break this level to confirm a reversal.
Medium term: The bearish trend would be invalidated if the price exceeds 1.2628.
Long term: The price must break 1.4802 to change the bearish structure definitively.
5. Successful Investment Strategy for Spot and Futures
Spot Strategy (Buy and Sell)
Long Entry (Bullish)
Entry: Buy between 1.1300 and 1.1500 if support holds and there is a strong bullish candle.
Targets:
1.2212 (First target, partial exit).
1.2628 (Second target, complete exit if there is no confirmation of continuation).
Stop-loss: Set a stop at 1.1100 to minimize risks.
Spot Selling Strategy
If the price does not break 1.2212, sell a portion of the position and wait for re-entry at lower levels.
Futures Strategy (Controlled Leverage)
Short Position (Bearish)
Entry: If the price does not exceed 1.2212, open a short position with a target at 1.1300 and 1.0454.
Stop-loss: Above 1.2400 to avoid a quick liquidation.
Leverage: Maximum 3x due to high volatility.
Long Position (Bullish)
Entry: If the price confirms a breakout above 1.2212, open a long position with a first target at 1.2628.
Stop-loss: Below 1.1100 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 area and the indicators suggest a short-term rebound.
The MACD shows initial signs of reversal, but needs confirmation with a positive crossover.
The STOCHRSI indicates room for a bullish move, but has not reached overbought.
The key level to surpass is 1.2212; if it fails, it is likely to retest 1.1300 or even 1.0454.
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 1.2212 strongly, open longs; if not, wait for a new drop.
