Coin Name: $WLD
SPOT CALL
WLD is currently trading within an ascending channel on the 4-hour timeframe and is now testing the upper trendline. The RSI is also sitting in the supply zone, suggesting potential selling pressure from this level. There’s a notable support zone around $1.200—if price retraces to that level, it could present a good spot accumulation opportunity.
On the 4-hour timeframe, USDT.D is forming a descending channel. The RSI is currently holding within a demand zone and is showing signs of bullish divergence, suggesting a potential short-term move to the upside—likely to retest the upper trendline of the channel. However, I expect this move to be temporary, followed by another leg down. It's important to note that when USDT.D rises, it typically signals weakness in the broader crypto market, while a decline in USDT.D is generally bullish for crypto assets.
The weekly liquidity heatmap reveals a significant pool of liquidity positioned to the downside. This suggests that WLD may initiate a move lower to target and absorb that liquidity before any potential reversal or continuation to the upside.
For daily new signals like this, by following these simple steps:
Click my Binance LIVE for more information and signals update
$WLD