When liquidity is low, support levels become fragile, and that’s what I’m seeing with $WLD .
The price is struggling at the support of the second ascending trendline. A break below this support would open the way to some very important correction targets.
First target: 0.5500
Second target: 0.5427, which is the MA238 moving-average support line
Third target: the main trendline at 0.5427
Let’s not rush. Let’s wait for a break as an initial move to confirm weakening momentum 👀
The price is struggling at the support of the second ascending trendline. A break below this support would open the way to some very important correction targets.
First target: 0.5500
Second target: 0.5427, which is the MA238 moving-average support line
Third target: the main trendline at 0.5427
Let’s not rush. Let’s wait for a break as an initial move to confirm weakening momentum 👀