Phemex Analysis #7: WLD Explodes! But Stay Rational PHEMEX:WLDUSDT.P has experienced a sharp price appreciation following the company's announcement of an extended token unlock schedule for early investors and team members. While such news typically catalyzes upward price movements, it's essential to approach these pump-driven rallies with a critical eye.
Historically, price increases primarily driven by short-term enthusiasm and speculation have often exhibited limited sustainability. Unlike rallies grounded in substantial project advancements or fundamental improvements, pump-driven movements are more susceptible to rapid corrections.
Given this context, a prudent trading strategy might involve securing profits near key resistance levels at $3.50 and $4.10. These levels represent significant psychological barriers and potential points of profit-taking for short-term traders.
However, a contrary perspective could emerge if the asset encounters strong selling pressure at these resistance points. In such a scenario, a potential buying opportunity may arise closer to the support levels of $2.10 and $1.80. These levels could act as areas of demand and potential price reversal.
It's crucial to emphasize that this analysis is based on current market conditions and historical trends. The cryptocurrency market is highly volatile, and unforeseen events can significantly impact price movements. As such, diligent risk management and a comprehensive trading plan are paramount.
Note: We are excited to announce that our new PULSE 3.0 version has been released! Check it out!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
WLDUSDT
WLDUSDT Will This Breakout Hold or Collapse? Yello, Paradisers! Are you ready to see if #WLDUSDT's recent breakout will lead to a bullish rally or a sharp decline?
💎#WLD has successfully broken out of its descending resistance with a strong green candle, signaling potential bullish momentum.
💎However, the price hasn't retested yet, and there's a high probability it might pull back to the demand zone at $2.41 before continuing its upward move towards the key supply level at $3.693. A break above this level is crucial for further upward movement toward our target area.
💎But what if WLD fails to break through and faces a hard rejection? In that case, we might see the price fall back into a support-resistance range, leading to sideways movement. Worse still, if WLD breaks below the support line, it could be a bad sign, causing the price to revisit the strong support at $2.066.
💎The bounce at this strong demand area is crucial. If WLD fails to bounce and breaks this support, the bullish scenario will be invalidated, and the price will likely dip further.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest-probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
#WLD/USDT#WLD
Our price is moving downwards on a 4-hour frame and is about to break through to the upside in 3 stages
We have a bounce from the lower border of the channel from the green support area at 1.67
We have a tendency to stabilize above the Moving Average 100
We have an uptrend on the RSI indicator that is heading up
Entry price 1.73
First goal 2.10
Second goal 2.44
The third goal is 2.85
BE READY FOR THE BEST CYCLE COIN 2024 WLD/USDT This is an update on 2024 (cycle trend)
Depending on our study WLDUSDT has a high chance to go new ATH And target between $8 - $15
The cycle started today on this coin and with this 2024 update, we will save showing high interest for a new cycle.
Check update ideas
We expect that WLD will become the best top coin cycle coin of the known top coins 2024
interesting updates coming by the coin and data shows a new cycle start.
WLD ( WORLD COIN) CAN ENTER NEW ALL TIME HIGH $8 SOON!Thanks for reading this update.
We expect that there is a high chance that WLD will enter $8, since the confirmation
WILD is a great coin that can show unexpected targets.
We will follow this coin for new ATH
WLD can enter for the second time the $8
we did it before with WLD, see before update and this time it shows exactly same signals as before when it did target to $9 - we expect new round coming.
Worldcoin Price on the Verge: Key Points and Strategies!In the latest 4-hour analysis, BINANCE:WLDUSDT has moved slightly up from $1.836 to $1.899. This gradual increase indicates a short-term recovery attempt within a generally bearish context.
Examining the exponential moving averages (EMA), the 9 EMA currently stands below the 20 EMA. This suggests that the short-term momentum is weaker than the long-term trend. Specifically, the 9 EMA at $1.879 is lower than the 20 EMA at $1.913, reinforcing a bearish sentiment. The alignment often signals potential further declines unless a crossover occurs where the 9 EMA surpasses the 20 EMA, indicating a shift to bullish momentum.
Meanwhile, the Moving Average Convergence Divergence (MACD) also paints a cautious picture. While the MACD histogram has been positive, indicating some bullish divergence, the MACD line remains below the signal line. This suggests that the bullish attempts are weak and might not sustain without stronger buying pressure. The recent narrowing of the MACD and signal lines could also hint at a potential reversal. However, confirmation is required before taking action.
The Relative Strength Index (RSI) has fluctuated between 38.63 and 46.04 over the observed period, currently resting at 45.67. Although RSI is not in the oversold territory, it indicates that the market is nearing a neutral zone from previously being oversold. This implied potential stabilization or a slight bullish correction.
Considering the support and resistance levels, the Worldcoin price faces significant resistance at $2.007, $2.483, and $2.745. These levels are crucial for bulls to break through to signal a strong uptrend. Conversely, immediate support levels are observed at $1.835, $1.821, and $1.812. A breach below these supports could lead to further downside movement.
For those looking to enter long positions, it would be prudent to wait for a clear breakout above the $2.007 resistance level with strong volume. This could signal the beginning of a more sustained upward trend. Entry could be considered around $2.010 with a target towards the next resistance at $2.483. A stop loss slightly below the breakout level at $1.990 can then be set.
For short positions, traders should watch for any signs of rejection at the resistance levels, particularly around $2.007. A failure to break above this could offer a shorting opportunity. Entry could be considered around $1.995 with targets near the immediate support levels at $1.835, and a stop loss just above $2.007.
WLDUSDT - Ready for a bullish rebound?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.
WLDUSDT.1DThe WLD/USDT chart from Binance provides a comprehensive overview of the pair's performance over the past months, highlighting its volatile journey and key technical levels to watch.
Analyzing the chart, it's clear that WLD has experienced a sharp decline from its highs, setting a context for potential strategic entries and exits. Currently, the price hovers around $1.966, below the critical resistance level (R2) of $4.141. The primary support level (S1) is identified at $1.554, which if breached could lead to further downward pressure.
From a technical standpoint, the descending trendline starting from the peak and connecting the highs shows a clear downward momentum. A breach above this trendline and the resistance at R2 could indicate a reversal or at least a significant pullback, providing a bullish signal for traders.
Conversely, the strong resistance at $4.141 could continue to suppress upward movements unless there is a strong market catalyst. Traders should monitor for a potential breakout above this level, which could pave the way towards higher prices, possibly reaching towards previous highs if accompanied by strong buying volume.
Conclusion:
Investors and traders should keep a close eye on the $1.554 support level. A break below this could signal a continuation of the bearish trend, potentially making room for lower lows. On the flip side, any movements above the descending trendline and the $4.141 resistance could offer a more optimistic outlook, suggesting a potential shift in the current trend. Always consider integrating broader market analysis and news into your trading strategy to complement the technical outlook. Remember, setting stop-losses is crucial to manage risks effectively in such volatile environments.
WLDUSDT.1DThe WLD/USDT chart from Binance provides a comprehensive overview of the pair's performance over the past months, highlighting its volatile journey and key technical levels to watch.
Analyzing the chart, it's clear that WLD has experienced a sharp decline from its highs, setting a context for potential strategic entries and exits. Currently, the price hovers around $1.966, below the critical resistance level (R2) of $4.141. The primary support level (S1) is identified at $1.554, which if breached could lead to further downward pressure.
From a technical standpoint, the descending trendline starting from the peak and connecting the highs shows a clear downward momentum. A breach above this trendline and the resistance at R2 could indicate a reversal or at least a significant pullback, providing a bullish signal for traders.
Conversely, the strong resistance at $4.141 could continue to suppress upward movements unless there is a strong market catalyst. Traders should monitor for a potential breakout above this level, which could pave the way towards higher prices, possibly reaching towards previous highs if accompanied by strong buying volume.
Conclusion:
Investors and traders should keep a close eye on the $1.554 support level. A break below this could signal a continuation of the bearish trend, potentially making room for lower lows. On the flip side, any movements above the descending trendline and the $4.141 resistance could offer a more optimistic outlook, suggesting a potential shift in the current trend. Always consider integrating broader market analysis and news into your trading strategy to complement the technical outlook. Remember, setting stop-losses is crucial to manage risks effectively in such volatile environments.
#WLDUSDT #2h (ByBit) Falling wedge breakout and retestWorldcoin regained 50MA support and is pulling back to it, road to 200MA resistance seems next.
⚡️⚡️ #WLD/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (5.0X)
Amount: 5.2%
Current Price:
2.416
Entry Targets:
1) 2.403
Take-Profit Targets:
1) 2.771
Stop Targets:
1) 2.219
Published By: @Zblaba
MIL:WLD #WLDUSDT #2h #Worldcoin #Privacy worldcoin.org
Risk/Reward= 1:2.0
Expected Profit= +76.6%
Possible Loss= -38.3%
Estimated Gaintime= 5 days
WLD/USDT LOOKS READY FOR A BIG PUMP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
WLD looks very good in the daily time frame. Forming a bull flag-like structure here. Also, holding an important support level and bouncing from here. Accumulate it here and hold it till the bull run, expecting 5-6x profit from here.
Entry range:- $2.0-$2.5
Targets:- $3.5/$4.4/$6.1/$8.8/$12.4/$16.2
SL:- $1.7
WLDSFP seems to have reached an important range. This range is a high and fresh pivot time frame.
If the price can create a bullish iCH on the chart, we have more confirmation and we can enter a buy/long position in the pullback.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Massive unlocks are on the way ---- WLDIn this market, there is an event-driven trading strategy based on token unlocking. Through the data provided by third-party websites, we found that after 22 days, WLD will usher in additional lines to be unlocked. Unlock 6.62m WLDs every day for 730 days, which is equivalent to three times the original rate. This part of the unlocked tokens comes from the community, which is a relatively simple holder. Therefore, bearish power will be generated.
WLD, as a global token issued by Sam, OpenAI CEO, is regarded by many traders as the embodiment of OpenAI's value. Worldcoin has built a device called the Orb, which captures an image of a person's eyes and converts it into a short numeric code, making it possible to check if the person has already signed up. If not, they will receive their free share of Worldcoin.
After these tokens are unlocked, a total of 4 billion WLD will be released, which is equivalent to several times the current circulating supply. MC will be priced again. Although WLD is currently down 80% from its high point, the short power will become stronger.
The same is true from the TSB indicator. After the SELL signal was prompted on June 8, WLD once again opened a bearish channel. The column barely touches the red wavy area. Bears have power. Based on the above situation, WLD may continue to fall.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
wld could show up again The weekly chart currently shows a bearish trend with potential for a reversal if the support levels hold. The indicators suggest that the market is oversold, which could lead to a bullish correction. However, the overall sentiment remains cautious, and confirmation of a reversal with increased volume and breaking above key resistance levels would be needed for a more bullish outlook.
signs of a potential bullish reversalthere are early signs of a potential bullish reversal, such as the oversold RSI and the formation of higher lows, the confirmation of a breakout would require:
A decisive break above the descending trend line.
Sustained increase in trading volume.
Close above key Fibonacci levels, especially 0.236 and 0.382.
WLD is super bullishIf you missed the ONDO pump, buy the WLD symbol.
A large price structure is a bullish diagonal.
Wave F itself is a diametric, we are at the end of wave g of F.
There will be a bullish G wave ahead.
WLD is in the field of AI and its waves are very bullish.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
WLD Bullish Short Term Trade SetupWLD is lying on daily demand zone from 3-7days. After compression there is an expansion, so simply take this setup and wait for expansion.
* Run without stoploss because I am damn sure for tp1 at least from here.
* It did instant react with BTC pump but I am damn sure it is getting loaded and will burst very soon.
* Shorter TF BOS+MSB done
* MSB on 1D done