$WLD Short still favored
On 1H chart, the candle at 0.55 peak has a very long upper wick (strong rejection). This shows that shorters are defending 0.55 zone, and selling pressure currently dominates in short term. The 15m momentum is also forming Lower Highs and Lower Lows
· Positives for Long: 4H and 1H charts recently broke their previous downtrend structure (forming higher lows: 0.46 -> 0.46 -> 0.53)
$WLD Short Setup (55% priority)
Wait for the price to bounce back to previous peak or retest resistance
· Short Entry Range: 0.54 - 0.55 (The zone that was just heavily rejected)
· Stop Loss: above 0.57
· Take Profit: 0.51 / 0.49
$WLD Long Setup (Priority 45%)
Only Long when the price drops to a strong support zone and shows signs of holding. Do not FOMO buy the top.
· Long Entry: 0.50 - 0.51 (Psychological support)
· Stop Loss: below 0.47
· Take Profit: 0.54 / 0.55
Support me just Trade here👇#wld #worldcoin
On 1H chart, the candle at 0.55 peak has a very long upper wick (strong rejection). This shows that shorters are defending 0.55 zone, and selling pressure currently dominates in short term. The 15m momentum is also forming Lower Highs and Lower Lows
· Positives for Long: 4H and 1H charts recently broke their previous downtrend structure (forming higher lows: 0.46 -> 0.46 -> 0.53)
$WLD Short Setup (55% priority)
Wait for the price to bounce back to previous peak or retest resistance
· Short Entry Range: 0.54 - 0.55 (The zone that was just heavily rejected)
· Stop Loss: above 0.57
· Take Profit: 0.51 / 0.49
$WLD Long Setup (Priority 45%)
Only Long when the price drops to a strong support zone and shows signs of holding. Do not FOMO buy the top.
· Long Entry: 0.50 - 0.51 (Psychological support)
· Stop Loss: below 0.47
· Take Profit: 0.54 / 0.55
Support me just Trade here👇#wld #worldcoin