WLD/USDT Perfect bounce from the key area. Ready to continue UP?💎 Presently, WLD is exhibiting a substantial bounce from the Bullish OB area, which is a positive sign. However, for WLD to maintain its upward trajectory, it's essential that it successfully breaks through the resistance area.
💎 Failing to breach this resistance could result in WLD revisiting the Bullish OB zone. A successful breach, on the other hand, the probability could propel WLD toward our designated strong resistance area target.
💎 The situation becomes more critical if WLD is unable to confront the resistance effectively and retreats into the Bullish OB area. In this scenario, a robust bounce is crucial, as this area is not only pivotal but also coincides with the support bullish trendline.
💎 A breakdown below this critical level could signal a shift to bearish momentum for WLD, indicating a potential trend reversal and pointing toward the demand area as the next key stop.
💎 The demand zone, therefore, becomes an area of significant interest. WLD's ability to bounce back from this level and reclaim a position above the resistance will be crucial in determining its market direction. A failure to do so, coupled with a breach below the demand zone, could be interpreted as a strong bearish indicator, suggesting that WLD might be heading towards even lower market levels.
