$WLD /USDT Technical Analysis Update๐๐
Current Price: 1.150 USDT
Timeframes: 1H & 1D
Formed Candle and Chart Pattern Analysis:๐๐
1H Chart:๐
๐After a strong bullish rally, $WLD formed a lower high structure and experienced a CHOCH (Change of Character) around 1.17โ1.18, indicating a potential short-term weakness.
Price is now hovering around the minor support zone near 1.15.
1D Chart:๐
๐ WLD has shown a sharp breakout from accumulation zone (below 0.90 levels) and reached towards a higher resistance cluster between 1.14 to 1.57 USDT (highlighted red zone).
Daily candles are showing upper wicks near the resistance, suggesting buyersโ exhaustion is possible.
Trend Signal:๐
Short-Term (1H): Weak bearish pressure developing after CHoCH.
Mid-Term (1D): Still bullish but facing heavy resistance.
Why Bearish Short-Term, Bullish Mid-Term๐ค
Bearish (Short-Term):โ
Breakdown seen on 1H with CHoCH. RSI also shows weakness around 20-30 levels.
Immediate downside risk towards 1.117โ1.035 USDT support levels.
Bullish (Mid-Term):๐ฅ
$WLD broke a strong long-term bearish structure earlier, suggesting accumulation phase is over.
Healthy retracement can offer buying opportunities for mid-term swing positions.
Best Trading Strategy Plan:๐งโ๐ป
Short-Term Scalping Strategy:๐จโ๐ซ
Sell/Short below 1.14 confirmationโ
Target 1: 1.117 USDT๐ฏ
Target 2: 1.035 USDT๐ฏ
Stop-loss: Above 1.17 USDTโฃ๏ธ
(For aggressive short-term scalpers)
Swing Buying Strategy (For Safer Traders):๐ฅ
Ideal Buy Zone: Around 1.035โ1.117 USDTโ
Swing Targets: ๐ฏ
First Target: 1.25 USDT
Second Target: 1.57 USDT
Stop-loss: Below 1.00 USDT (closing basis)โฃ๏ธ
Pro Tip:๐งโ๐ป
"Trend is still up on higher timeframes. Prefer dip buying near strong support levels instead of chasing tops blindly."
Disclaimer:โ ๏ธ
This analysis is for educational purposes only.