$WLD is showing signs of stabilization after a significant downtrend, finding support at the critical 7 and 25-period Moving Average convergence (MA(7): 0.583, MA(25): 0.584). The price is holding firmly above the 24-hour low, indicating that selling pressure may be waning at this level. This consolidation near a strong support zone suggests a potential base for a relief rally, especially after the steep declines.

Entry Zone: 0.583 - 0.587

TP1: 0.595

TP2: 0.600

TP3: 0.608

Stop Loss: 0.580

Risk Management: Place stop loss below the 24-hour low. Confirm entry with increasing volume to signal a shift in momentum from sellers to buyers.

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WLD
WLDUSDT
0.5785
-0.82%