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Hxlaw
Hxlaw
$WLD WLDUSDT in the 1H frame is giving a quite positive increase signal when the price bounces sharply from the area of 0.3208 to 0.3522 with a significant increase in trading volume. The current trend is well supported by MA lines when MA5 > MA10 > MA20, indicating that short-term upward momentum is dominating. The price has now broken out of the resistance area of 0.34 and is approaching the short-term peak of 0.3543. If maintained above the 0.345–0.348 area, it is highly likely that the WLD will continue to expand its upward momentum to the 0.36 mark and further to 0.375. The appropriate strategy is to buy when the price adjusts slightly around MA5 or MA10 to have a safer position. The near support area is at 0.338–0.34, while the support is stronger at 0.332. However, after the continuous increase, investors need to manage capital closely and avoid FOMO when the price is close to the short-term resistance area.

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