#WLD
The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.
We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.
There is a key support zone in green at the price of 0.683, representing a strong support point.
We have a trend of consolidation above the 100-period moving average.
Entry price: 0.698
First target: 0.708
Second target: 0.726
Third target: 0.740
Don't forget a simple money management rule:
Place your stop-loss order below the support zone in green.
Once the first target is reached, save some money and then change your stop-loss order to an entry order.
For any questions, please leave a comment.
Thank you.
The price is moving within an ascending channel on the 1-hour timeframe and is adhering to it well. It is poised to break out strongly and retest the channel.
We have a downtrend line on the RSI indicator that is about to break and retest, which supports the upward move.
There is a key support zone in green at the price of 0.683, representing a strong support point.
We have a trend of consolidation above the 100-period moving average.
Entry price: 0.698
First target: 0.708
Second target: 0.726
Third target: 0.740
Don't forget a simple money management rule:
Place your stop-loss order below the support zone in green.
Once the first target is reached, save some money and then change your stop-loss order to an entry order.
For any questions, please leave a comment.
Thank you.
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Disclaimer
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📍Trade Smart & Stay Protected⭐️Telegram Channel
Futures
👉 t.me/CryptoSignalFuturesSpot
Spot
👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Futures
👉 t.me/CryptoSignalFuturesSpot
Spot
👉 t.me/CryptoSignalsSpotFree
📌 We're open to Promotions, Ads & Partnerships: ☎️ t.me/CryptoAnalystsignal
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.