$WLD / USDT 6H Technical Snapshot
Current Price: ~$1.0703
Daily Drop: -8.61%
Support Confluence:
100EMA + 200EMA (6H)
Ascending trendline from previous higher lows
0.382 Fib retracement (~$1.06) from recent swing up
---
Scenarios to Watch
Bullish Case: Rejection at Support
Entry Zone: $1.06–$1.08
Confirmation: Reclaim + bullish engulfing or hammer candle
Upside Targets:
T1: $1.20 (minor resistance)
T2: $1.30 (previous local high)
T3: $1.43 (Fibonacci extension)
Bearish Case: Breakdown of Confluence Zone
Invalidation: Close below $1.05 with increasing volume
Next Support: $1.02 (trendline catch)
Break of $1.02: Opens path to $0.94–$0.97 zone
---
Indicators to Watch
RSI (6H): Near oversold—watch for bullish divergence
MACD: If it turns upward near $1.06, that’s a strong bounce signal
Volume Profile: Spike at support = buyer interest
---
Summary
This zone is “make or bounce.” WLD is sitting on a high-probability long area—but it must confirm strength. No bounce = wait for the $1.02 level or short continuation.