WLD adjusts after a strong increase – Opportunity for both sides?
1. Market context
• Current price: $1.23
• 24h volatility: -5.09%
• 24h high/low: $1.34 / $1.18
• 24h trading volume: $366.5 million
• Market capitalization: $1.71 billion   
WLD has experienced a strong price increase, surpassing many resistance levels in a short time. However, currently, the price is adjusting and showing signs of stagnation. This opens up opportunities for both Long and Short sides in the short term.
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2. Multi-timeframe technical analysis
• 15-minute timeframe (15m): Price is fluctuating in a narrow range, indicating market hesitation.
• 1-hour timeframe (1h): Short-term downtrend, with lower highs and lower lows.
• 4-hour timeframe (4h): Price approaches strong support around $1.20. If it holds, it may bounce back to the $1.30 area.
• Daily timeframe (D1): Medium-term uptrend is still maintained, as long as the price does not break below $1.15.
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3. Futures trading strategy
Long plan (if $1.20 holds):
• Entry: $1.20
• TP: $1.30
• SL: $1.15
• Win probability: 65% if support at $1.20 holds
Short plan (if it fails at $1.30):
• Entry: $1.30
• TP: $1.20
• SL: $1.35
• Win probability: 60% if resistance at $1.30 is not surpassed
4. Trading WLDUSDT futures on Binance
Trade now $WLD