๐ WLD has emerged as a significant player in the market, having recently broken through a key resistance level. It's now in a crucial retesting phase at the support area. For WLD to continue its ascent and potentially reach our target zone, a strong bounce from this current position is essential.
๐ However, should WLD fail to maintain its stance above the support level and experience a breakdown, the focus will shift to the next lower demand area at around $2.05. This zone is vital for WLD's trajectory as a robust bounce back is needed to reclaim the support area and stabilize its position.
๐ If WLD is unable to recover in the $2.05 demand area, there's a risk of losing this level or further breaking down. Such a development would signal a shift towards a bearish trend for WLD, potentially leading it back down to a more substantial demand zone.
๐ However, should WLD fail to maintain its stance above the support level and experience a breakdown, the focus will shift to the next lower demand area at around $2.05. This zone is vital for WLD's trajectory as a robust bounce back is needed to reclaim the support area and stabilize its position.
๐ If WLD is unable to recover in the $2.05 demand area, there's a risk of losing this level or further breaking down. Such a development would signal a shift towards a bearish trend for WLD, potentially leading it back down to a more substantial demand zone.
Trade closed: target reached:
Spot on again! #WLD has climbed 91.19%
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