WLD/USDT Is on the support area, possible to bouncing and upward
💎 Paradisers, #WLD is indeed garnering attention as a coin worthy of close observation.
💎 Currently, it has retraced to a key support area after successfully breaching the descending resistance, only to face rejection at the resistance level of $6.4 - $5.9.
💎 For WLD to regain bullish momentum, it must bounce decisively from this support level and attempt to break above the resistance zone.
💎 A successful breakout would confirm a return to bullish sentiment, signaling further upward movement with potential targets set around our supply zone area.
💎 However, if WLD fails to find support at this level and instead breaks below it, the price could descend further to the next significant level, possibly around the demand area at $3.23. This scenario might involve a quick price drop, potentially triggering liquidations, before the price attempts to reclaim ground above the support area, should the upward trajectory still be desired.
💎 The bullish scenario would be invalidated if WLD also breaks below the demand area on the lower timeframes. Such a move would confirm sustained downward pressure, likely resulting in further significant dips.
MyCryptoParadise
iFeel the success🌴
💎 Currently, it has retraced to a key support area after successfully breaching the descending resistance, only to face rejection at the resistance level of $6.4 - $5.9.
💎 For WLD to regain bullish momentum, it must bounce decisively from this support level and attempt to break above the resistance zone.
💎 A successful breakout would confirm a return to bullish sentiment, signaling further upward movement with potential targets set around our supply zone area.
💎 However, if WLD fails to find support at this level and instead breaks below it, the price could descend further to the next significant level, possibly around the demand area at $3.23. This scenario might involve a quick price drop, potentially triggering liquidations, before the price attempts to reclaim ground above the support area, should the upward trajectory still be desired.
💎 The bullish scenario would be invalidated if WLD also breaks below the demand area on the lower timeframes. Such a move would confirm sustained downward pressure, likely resulting in further significant dips.
MyCryptoParadise
iFeel the success🌴
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