From $0.50 to $0.59, the price low of $WLD is being stepped upward, one level at a time. With trading volume gradually increasing, this isn’t an emotion-driven, illusory move with no volume—rather, the order book is clearly and deliberately raising the defensive floor.
On the 4-hour timeframe, the EMA25 and EMA99 have aligned into a bullish arrangement in sequence. With roughly $40 million in 24-hour trading volume, the long-side ladder is being stepped on quite solidly.
As the lows keep being raised and the moving average support follows through, the capital’s intent is very clear: it doesn’t want to hand over cheap coins at low levels. Given this steady spot-support structure, the space for the bears to smash through the bottom will only get smaller and smaller.
#WLD
On the 4-hour timeframe, the EMA25 and EMA99 have aligned into a bullish arrangement in sequence. With roughly $40 million in 24-hour trading volume, the long-side ladder is being stepped on quite solidly.
As the lows keep being raised and the moving average support follows through, the capital’s intent is very clear: it doesn’t want to hand over cheap coins at low levels. Given this steady spot-support structure, the space for the bears to smash through the bottom will only get smaller and smaller.
#WLD