WLD: Bullish Breakout Signals Potential Upside Momentum

πŸ’Ž WLD has recently broken out of the falling wedge pattern and risen above the 200 EMA, forming a W pattern. Additionally, it has exhibited CHoCH (Change in Character) towards a bullish structure, indicating a higher probability of a bullish move.

πŸ’Ž If WLDUSDT manages to break out above the resistance level, we can anticipate a move towards the strong resistance zone, which coincides with a bearish OB. Furthermore, there's a possibility of a pullback to the bullish OB. However, it's advisable to secure small profits at each swing if the price moves as anticipated.

πŸ’Ž Conversely, a breakdown below the bullish OB zone would signal bearishness, leading WLD to establish lower lows and lower highs, indicating a shift in market sentiment.

Do you Want to start trading like a PRO?

Follow a team of traders with 10+ years of experience?


πŸŽ–οΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals πŸ‘‰

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.