$WLD - has confidently broken through the local resistance at $0.55 and established itself above. The descending "head and shoulders" pattern is broken - the break of the $0.55 level with an impulsive green candlestick confirms that buyers have completely seized the initiative. RSI is in the overbought zone, typical for a strong trending movement. On a pullback to the 55-60 level on the RSI, we can expect a new wave of buying, as the EMA 50 and 200 have crossed, forming a bullish signal.
Importantly, on the hourly chart, vertical buying volumes have started to rise, exceeding selling volumes. This confirms that the current rise is not just a empty pump on the short-sellers' liquidations, but a real influx of large capital.
$WLD - local long position - entry to continue the impulse
Entry at 0.545 - 0.565 on the hourly retest of the broken level or on a pullback below
Stop at 0.515
Targets - 0.640 - 0.695
$WLD
DYOR
#WLD
Importantly, on the hourly chart, vertical buying volumes have started to rise, exceeding selling volumes. This confirms that the current rise is not just a empty pump on the short-sellers' liquidations, but a real influx of large capital.
$WLD - local long position - entry to continue the impulse
Entry at 0.545 - 0.565 on the hourly retest of the broken level or on a pullback below
Stop at 0.515
Targets - 0.640 - 0.695
$WLD
DYOR
#WLD