On the daily timeframe, WLD’s RSI is gradually declining, signaling a potential correction. On the hourly chart, RSI continues to fall toward 40, further confirming the corrective outlook.
I expect WLD to extend its pullback toward the two support levels at $1.523 and $1.40. At the moment, I am looking for an exit price to close 50% of my WLD holdings to ensure safety.
Disclosure: I am currently holding WLD, and this may influence my personal outlook.
This analysis is for reference only and should not be considered financial advice.
I expect WLD to extend its pullback toward the two support levels at $1.523 and $1.40. At the moment, I am looking for an exit price to close 50% of my WLD holdings to ensure safety.
Disclosure: I am currently holding WLD, and this may influence my personal outlook.
This analysis is for reference only and should not be considered financial advice.
Note
Update 1: WLDUSDTPrice touched the first support and quickly bounced with solid buying pressure. I hesitated and did not re-enter, so this may turn out to be a failed trade for me. Nevertheless, I respect my decision and will use the capital I secured to look for opportunities in another coin.
Note
Update 2: Target 1 ReachedTrade closed: target reached
Hello, target reached, I close this chart.
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.
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.