WLDUSDT - Ready for a bullish rebound?
Updated
After a challenging few months, WLD has dropped significantly in price and now appears to be undervalued. Let's break down the current market conditions and explore a potential long trade setup with a strong risk-to-reward (R:R)
Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength.
Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC.
Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R
ratio.
Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
Current POC: The price should hold at the current Point of Control (POC) to build up bullish strength.
Primary Entry: Enter a long trade at the current price level, focusing on the support at the POC.
Stop-Loss Placement: Set the SL just below the POC to ensure a favorable R:R
ratio.
Target Profit: Aim for a TP at the old trading range, capturing the potential recovery in price.
Trade closed: stop reached
Long trade stopped out.
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