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$WLD 0.37! Whales dumping + straight-line decline, don't catch the falling knife!
Brothers, WLD's price action can't be drawn straighter with a pen—10 consecutive days of decline, sliding from 0.6 all the way to 0.37.
News:
In the past 7 hours, 7.05 million WLD were transferred to exchanges, directly triggering an 8% plunge. Whales keep moving tokens to exchanges, with real selling pressure. This token has been under significant unlocking pressure recently, and with the AI sector dragged down by Meta, WLD as an AI concept coin is suffering along.
Technicals:
Current price 0.37, moving averages in a bearish arrangement, MACD persistently negative.
Resistance above: 0.40, strong resistance 0.44.
Support below: 0.36, if lost, look at 0.33.
Gongming's View:
Both on-chain data and technicals are bearish, making a short-term reversal unlikely. Be cautious when bottom-fishing; don't catch the falling knife.
Trading Strategy:
Conservative approach: wait for a rebound to around 0.39-0.4 to go short.
For coins declining in a straight line, don't guess the bottom. Wait for a right-side signal before acting.
#非农数据倒计时 #Gate股票转仓功能上线