World Token Technical Analysis: Bullish Divergence
Updated
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World Token Analysis:
- Current Price (CMP): 3.56
- Target: 4.47
- Stop Loss: 2.78
Technical Analysis:
- Support: The nearest support level is around 2.78 (Stop Loss). If price falls below this, we could see further downside.
- Resistance: Initial resistance is at 4.47, which aligns with the target. Watch for price action around this level for potential reversals or breakout.
- RSI Bullish Divergence: The RSI is showing bullish divergence. Look for confirmation through price action.
Trade Plan:
- Buy Zone: Look for price action near 3.20-3.40, especially if RSI shows bullish divergence.
- Target Zone: Target is 4.47,
- Stop Loss: If price drops below 2.78, consider exiting the trade.
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Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. Trading involves significant risk, and you should only trade with capital that you can afford to lose. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author does not guarantee the accuracy of the information and is not responsible for any financial losses incurred.
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Trade closed: stop reached
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