WLD: Bullish Breakout Signals Potential Upside Momentum

14 feb

💎 WLD has recently broken out of the falling wedge pattern and risen above the 200 EMA, forming a W pattern. Additionally, it has exhibited CHoCH (Change in Character) towards a bullish structure, indicating a higher probability of a bullish move.

💎 If WLDUSDT manages to break out above the resistance level, we can anticipate a move towards the strong resistance zone, which coincides with a bearish OB. Furthermore, there's a possibility of a pullback to the bullish OB. However, it's advisable to secure small profits at each swing if the price moves as anticipated.

💎 Conversely, a breakdown below the bullish OB zone would signal bearishness, leading WLD to establish lower lows and lower highs, indicating a shift in market sentiment.