#WLD
The price is moving within an ascending channel on the hourly timeframe. It has reached the lower boundary and is heading towards a breakout. A retest of this boundary is expected.
The Relative Strength Index (RSI) indicates a downward trend, and this trend is likely to continue due to the overbought condition.
There is a key resistance zone in green at 0.2920, which the price has bounced off several times, making it a strong support level.
A consolidation trend is observed below the 100-period moving average, which we are approaching. This trend supports a decline towards this level.
Entry Price: 0.2713
Target 1: 0.2669
Target 2: 0.2580
Target 3: 0.2492
Stop Loss: At the resistance zone in green.
Remember this simple rule: Manage your money wisely.
For any questions, please leave a comment.
Thank you.
✅ Trade here on $WLD
