$WLD /USDT BEARISH PRESSURE BUILDING — WILL THE SUPPORT CRACK OR HOLD THE LINE?
$WLD /USDT is trading at $0.979, down 1.11% on the day. After a modest 15.06% gain in the last 7 days, the momentum is fading as price struggles below $1.00. Recent price action shows signs of weakening bullish momentum, and a break below key support could lead to deeper correction.
Key Technical Levels:
Current Price: $0.979
Immediate Resistance: $0.999 – $1.010
Key Support: $0.954 (24h low)
Major Support Zone: $0.940 – $0.920
Price action is trapped in a narrow range with lower highs forming. Volume is almost balanced on both sides ($11.54M USDT vs 11.78M WLD), suggesting indecision.
Trade Setup (Short Entry):
Entry Zone: $0.975 – $0.985
Target 1 (TP1): $0.954
Target 2 (TP2): $0.920
Stop Loss (SL): $1.010
Market Outlook: Short-term trend is bearish, especially if the price breaks below the $0.954 support. Recovery is possible only if bulls manage to reclaim $1.00+ with strong momentum. Otherwise, the bears remain in control.
Risk Management: Trade with a maximum 1–2% risk per trade. Always use stop-loss and avoid over-leveraging in this choppy range. Wait for candle confirmation on breakdown before entering.