Wait, did $WLD just find its floor or is it catching a falling knife?
The 1h chart on WLD/USDT is looking pretty stagnant right now. We had that nice wick down to 0.3892 which seems to be holding as local support for now, but the recovery is lacking any real conviction.
Price is currently sitting at 0.3959 and just ranging sideways. If you look at the order book, the asks are stacked slightly heavier at 50.78% so the bears are still leaning on it.
I’m watching that 0.4026 level closely. We need a solid hourly candle close above that to even think about a reversal. If we lose the 0.3890 zone, things could get ugly fast.
Keeping my hands in my pockets for a bit. Volume is too thin to chase this move.
WLD
0.3908
+0.74%