My latest analysis of $WLD

$WLD market structure shows it repeatedly finding strong support at key demand zones. As seen in my attached chart, we've seen price bounce from this area multiple times, currently oscillating between what appears to be defined supply and demand levels.

Trading Principle: Identifying strong support/demand zones and potential resistance/supply zones for range-bound opportunities or entries on retracements.

Potential Opportunities:

* For Swing/Position Traders: These demand zones could present interesting entry points if support holds, with supply zones as potential targets.

* For Scalpers/Day Traders: The oscillation between these zones might offer short-term buy opportunities at demand and sell opportunities at supply. Always watch for candlestick confirmation for entry/exit signals, indicating retracements and potential pumps.

What are your thoughts on this $WLD price action and these key zones? Share your insights in the comments!

(Disclaimer: This is my personal market analysis and not financial advice. Always do your own research (DYOR) before making any trading decisions.) #Worldcoin #WLD #CryptoTrends2024 #technicalanalyst