This has been my entire analysis on Worldcoin from five days ago and I bet most have been profitable.
Yesterday we saw a breakout from our demand zone and our major trendline, which clearly indicated that sellers overpowered buyers. Being that this was the week most worldcoinfans were claiming their worldcoins and some are still claiming wldcoins and most selling we expected a drop.But I believe most pple who read my previous posts and article on Worldcoin prediction are in profits and waiting to buy lower or some already have a positions opened from when the market got to 7.010. this will increase the number of coins meaning more money when the market pumps.
What to expect if we will still have more sellers is a retest on our major trendline or demand zone before dropping to zone 5.Why does the market retest a zone? Well its obvious it will retest to see if they can pass through to the top.Well here is the thing about markets ,your demand zone can change to a supply zone that is if the sellers overpower buyers,you will notice this if break out is genuine but if the market tries to retest the same demand zone and it manovours to the top to our initial supply zone then what we had was a false breakout this is one strategy used to tap stop losses and close trades by brokers thats why most traders always wait for a retest unless there a was a breakout with volatility.
At the same time your supply zone can change into demand zone that can only happen if buyers overpower sellers in the supply zone. For instance if worldcoin rose higher above 9usdt to lets say 12 -15usdt and creates a whole pattern between those 2 zones then that will clearly become our new demand zone.In short there is no stagnant levels on markets.
What if the buyers still overpower sellers ?Well we will see thr market raising again and again.
But if the power of buyers and sellers are sort of the same then we will see consolidation between two point.
Always have your patterns within patterns for better accuracy while trading.Remember if you cant trade Hodl.