$WLD just had a strong price action today:
It shot up quickly from a low of $0.381, peaking at $0.567, with a 24-hour gain of +28.31%.
This was a quality pump: low volume, with transactions at only 0% of the usual, indicating a potential trend reversal coming, with a total increase of +48.7% from the bottom.
Currently, it's pulled back from the high of $0.567 to $0.509, a drop of 33.6%, with trading volume shrinking fast, suggesting that the bulls aren't panicking and this is a normal technical retracement.
The trend has shown some recovery, but we still need to watch if it can stabilize again.
Now isn't the time to FOMO in.
I suggest waiting for the price to retrace and stabilize in the $0.514-$0.522 range before considering a long position.
Set your stop-loss at $0.532.
Targets are set for $0.460-$0.571.
Risk-to-reward ratio is about 3.0:1 ✅
#Ethereum
It shot up quickly from a low of $0.381, peaking at $0.567, with a 24-hour gain of +28.31%.
This was a quality pump: low volume, with transactions at only 0% of the usual, indicating a potential trend reversal coming, with a total increase of +48.7% from the bottom.
Currently, it's pulled back from the high of $0.567 to $0.509, a drop of 33.6%, with trading volume shrinking fast, suggesting that the bulls aren't panicking and this is a normal technical retracement.
The trend has shown some recovery, but we still need to watch if it can stabilize again.
Now isn't the time to FOMO in.
I suggest waiting for the price to retrace and stabilize in the $0.514-$0.522 range before considering a long position.
Set your stop-loss at $0.532.
Targets are set for $0.460-$0.571.
Risk-to-reward ratio is about 3.0:1 ✅
#Ethereum