$WLD Technical Outlook: Daily Bullish Structure Intact, 4H Retracement in Progress
On the daily timeframe, Worldcoin ($WLD ) continues to maintain a clear bullish structure. Price remains above key moving averages, with higher highs and higher lows still intact, signaling that the broader uptrend is currently healthy.
However, on the 4-hour chart, $WLD is undergoing a healthy retracement. Price is currently pulling back toward the demand zone located at 0.5273 – 0.4951. This zone previously acted as a strong accumulation area and is now being retested.
Key points to watch:
As long as the daily structure remains unbroken, this pullback can be seen as a potential buying opportunity within the larger uptrend. A strong reaction (bullish candlestick rejection or increased volume) from the 0.5273 – 0.4951 demand zone would strengthen the case for continuation to the upside. Failure to hold this zone, especially with a daily close below 0.4951, could open the door for a deeper correction.
Traders are advised to wait for confirmation at the demand zone rather than entering prematurely. Risk management remains essential given the current volatility in the market.
What are your thoughts on $WLD? Are you watching this demand zone as well?
DYOR
$WLD
On the daily timeframe, Worldcoin ($WLD ) continues to maintain a clear bullish structure. Price remains above key moving averages, with higher highs and higher lows still intact, signaling that the broader uptrend is currently healthy.
However, on the 4-hour chart, $WLD is undergoing a healthy retracement. Price is currently pulling back toward the demand zone located at 0.5273 – 0.4951. This zone previously acted as a strong accumulation area and is now being retested.
Key points to watch:
As long as the daily structure remains unbroken, this pullback can be seen as a potential buying opportunity within the larger uptrend. A strong reaction (bullish candlestick rejection or increased volume) from the 0.5273 – 0.4951 demand zone would strengthen the case for continuation to the upside. Failure to hold this zone, especially with a daily close below 0.4951, could open the door for a deeper correction.
Traders are advised to wait for confirmation at the demand zone rather than entering prematurely. Risk management remains essential given the current volatility in the market.
What are your thoughts on $WLD? Are you watching this demand zone as well?
DYOR
$WLD
