$WLD Technical Analysis:
Moving Averages (MA):
MA5: 0.8512 (short term)
MA10: 0.8396 (confirming upward trend in short term)
MA30 and MA60: 0.8158 and 0.8784, respectively. WLD has surpassed the MA60, which is a positive signal.
Resistance Zone:
0.90: Psychological level and previous selling zone.
1.00 - 1.05: Key zone if the price continues to rise.
Supports:
0.80: Can serve as support if there is a pullback.
0.75: Strong demand zone before the last bounce.
Volume: Increase in volume during this rise indicates buyer interest.
What to do now?
If it surpasses 0.90 with volume: Could target 1.00 - 1.05, ideal for bullish trades.
If it rejects 0.90: Possible pullback to 0.80 - 0.75, where buying opportunities could be sought.
Recommended stop-loss: Below 0.80 to reduce risk if the market changes.
If you have an open trade, watch the resistance at 0.90, as it could define the next movement. 🚀