Daily bullish divergence for WLD

8 thg 8, 2024

This is pretty much one of the best setups one could ask for: A bullish divergence on the daily chart. It's pretty straight forward as price should not drop below the lower low being made on a higher RSI print. We have seen this many time with coins like TRB, where I predicted the violent short squeeze few weeks ago using this method.

There is a lot of upside potential for WLD given it's down almost 90%, so worth a shot IMO. It could run into the yearly open over the next few weeks, maybe higher, but I don't know at this point.

Still early to get in, first step would be a break of 1.80$ and hold from there, tight setup would be a stop just below 1.5$. If you want to play it safe place your stop below 1.4$ and adjust your risk management accordingly.

Stay safe!

23 thg 8, 2024

Ghi chú

Starting to look pretty good :)

These setups have a really simple invalidation: It should not drop below the second low, which it didn't. But we saw a higher low few days ago but think we will see a big push coming days, preferably above 2$.