$WLD looking decent on the 4H but still needs to prove itself
Price is holding above the key MAs and showing some strength, but supply is still increasing even after they cut the daily unlock by 43% back in July. Still sitting way below that $2.62 high from last year.
The important zone right now is around 0.580–0.598. A clean break and hold above 0.620 with real volume would make the bullish case a lot stronger. Lose 0.580 and momentum starts looking shaky.
Just watching for now — needs sustained demand and actual usage before I’d jump in.
Price is holding above the key MAs and showing some strength, but supply is still increasing even after they cut the daily unlock by 43% back in July. Still sitting way below that $2.62 high from last year.
The important zone right now is around 0.580–0.598. A clean break and hold above 0.620 with real volume would make the bullish case a lot stronger. Lose 0.580 and momentum starts looking shaky.
Just watching for now — needs sustained demand and actual usage before I’d jump in.
