🌐 WLD 4H Setup: Range-Base LONG
⠀
📉 Trend: Bearish bias. WLD trades near 0.4004 (flat 24H), below EMA20 0.409, EMA50 0.436 and EMA200 0.476. After the Oct 30 flush to 0.3600, price is basing in a tight 0.393-0.422 range.
⠀
🧱 Support: 0.3930 range low, then 0.3600 wick
🚧 Resistance: 0.4090 EMA20, 0.4217 Oct 30 high, 0.4356 EMA50
⠀
🎯 Plan (LONG)
Entry: 0.3930-0.3960
Stop loss: 0.3840
TP1: 0.4090
TP2: 0.4217
TP3: 0.4356
⠀
🧠 Why: Sellers failed to push below 0.393 for two days while the 4H candles tighten. A bounce from range support targets the EMA20 and range top.
⠀
⚠️ Risk: Counter-trend trade. A 4H close below 0.384 voids it. Size small.
⠀
Not financial advice. DYOR.
⠀
$WLD $BTC #WLD #CryptoTrading #TechnicalAnalysis #Altcoins