🟢🔔 WLD/USDT 4h Trading Signal

📉 Current Price: $1.357 USDT

📊 Technical Overview:

• Down Channel: The price is currently trading within a downward channel, indicating a bearish trend.

• Support Area: Price has reached the support area, which could lead to a potential bounce.

• RSI: The Relative Strength Index (RSI) is at 34.12, approaching oversold levels, which may signal a potential reversal.

🔮 Price Prediction:

• Potential Upside: If the support area holds and RSI signals a reversal, the price could rise to:

• 📈 $1.534 USDT

• 📈 $1.586 USDT

• 📈 $1.684 USDT

• 📈 $1.885 USDT

🚩 Trade Strategy:

1. Entry: Consider entering a long position when the price breaks above $1.400 USDT and confirms with a bullish RSI signal (above 40).

2. Stop-Loss: Place a stop-loss at $1.300 USDT, just below the support area, to protect against further downside.

3. Targets:

• Take Profit 1: $1.534 USDT

• Take Profit 2: $1.586 USDT

• Take Profit 3: $1.684 USDT

• Final Target: $1.885 USDT

4. Risk Management: Use no more than 2-3% of your trading capital for this position to manage risk effectively.

⚠️ Disclaimer:

$WLD

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