WLD (Worldcoin) – Long Spot Trade Setup After 180% RallyAfter a massive 180% surge, WLD is showing signs of exhaustion and is likely to retrace toward the next major support zone. A pullback into the $1.22 – $1.35 area provides a favorable entry opportunity for continuation of the trend, assuming support holds.
🔹 Entry Zone (Support):
$1.22 – $1.35
🎯 Take Profit Targets:
🥇 $1.65 – $1.85 (prior consolidation and resistance zone)
🥈 $2.40 – $2.65 (upper range resistance / extension target)
🛑 Stop Loss:
Just below $1.10 (below structural support and invalidation level)
Strongmomentum
BAJELBAJEL seems a perfect candidate for very short term momentum play. Showing Inverted H&S pattern breakout with decent volume. We may see 18-20% rally from this breakout level. Pattern may confirm pause in recent fall and now showing strong reversal from here. 178 is very strong support. Risk reward is in favor!
XAUUSD SELL!Gold has been trading inside the given Channel since July 2020. a few days ago the price bounced back up after testing a strong Support zone , after which it reversed as it approached another strong resistance line of the Channel. Last day's movement has confirmed that Gold is seeking further downside movement . With the Momentum still intact , my Final Target remains 1708!
Danone, Quick Trade or Long-term Buy. Both work here.EURONEXT:BN is showing signs that it has already bottomed out and on its way up. We have a relatively safe trade here.
RSI divergence suggests a reversal of trend. It suggests that the low of 29 October 2020 at €46 is the lowest Danone will reach in the short- to mid-term (few months).
An ascending triangle is showing upward momentum. This suggests a target of €60.
At €60, we see strong resistance that has contributed to major reversals in the past. So that's a line to watch. I suspect a reversal at this line back to the top of the triangle.
Just above the €60 line is the 50% Fibonacci level from the recent swing. Crossing this 50% Fib indicates a stronger probability of returning to the swing's top rather than its bottom.
If the resistance at €60 is crossed, then it's a very encouraging sign of the bullish momentum and we set our next target at the resistance above at €65.
The trade should go like this:
You should go long as soon as the triangle breaks upwards, and set a stop loss at either €51.50 or €50.50 depending on your risk appetite.
If the first target of €60 is reached, then we raise our stop loss to the top of the triangle or slightly below it, perhaps at €53.50
Once we cross the resistance at €60 by a full daily green candle above it, we raise our stop loss to that level.
Cheers.