The market structure for
WLDUSDT remains bullish as long as the swing low at $1.58 is not broken. Recent price action suggests a favorable entry point in the demand zone between $1.58 and $1.92.The next significant target is at $4.19, a historically reactive zone where previous price movements have faced strong resistance. This level aligns with the bullish market structure and offers a high-profit potential.
This trade setup presents an impressive risk-to-reward ratio of 1:6, making it an appealing opportunity for traders. Maintaining the structure above the demand zone is crucial for bullish continuation. However, a break below $1.58 would invalidate this idea and could signal a bearish shift.
👨🏻💻💭 Do you think WLDUSDT can hold the bullish structure and hit $4.19? Share your thoughts or ideas below and let’s discuss this setup!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.