$WLD | 🟢 LONG — 4H bullish structure is forming
$WLD is showing a bullish structure on both the daily and 4H timeframes, with the price above EMA50 and EMA200. The 15M ADX is at 24.7, indicating strengthening momentum, but the price is also in a high zone, so watch for selling pressure.
📍 LONG plan
* Entry: 0.5594861 – 0.5613139
* TP1: 0.5782132 (+3.2%)
* TP2: 0.5900887 (+5.3%)
* TP3: 0.6079019 (+8.5%)
* SL: 0.5366491 (-4.2%)
📈 Levels to watch: 6/12 signals are in agreement, with 1 signal pointing in the opposite direction. The 1H RSI at 58.6 supports bullish momentum, but the RSI z-score of +3.14 warns that the price is quite overheated. As planned, take profit on 50% at TP1, then move the SL to Entry.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇
$WLD is showing a bullish structure on both the daily and 4H timeframes, with the price above EMA50 and EMA200. The 15M ADX is at 24.7, indicating strengthening momentum, but the price is also in a high zone, so watch for selling pressure.
📍 LONG plan
* Entry: 0.5594861 – 0.5613139
* TP1: 0.5782132 (+3.2%)
* TP2: 0.5900887 (+5.3%)
* TP3: 0.6079019 (+8.5%)
* SL: 0.5366491 (-4.2%)
📈 Levels to watch: 6/12 signals are in agreement, with 1 signal pointing in the opposite direction. The 1H RSI at 58.6 supports bullish momentum, but the RSI z-score of +3.14 warns that the price is quite overheated. As planned, take profit on 50% at TP1, then move the SL to Entry.
NFA · DYOR. This content is for informational purposes only and is not investment advice.
Tap below to trade with SHIN👇