Technical analysis by elfabiiani about Symbol WLD: Buy recommendation (6/3/2025)

Technical Analysis: Worldcoin (WLD/USDT)Chart OverviewPattern: A falling wedge formation is clearly visible, typically a bullish reversal pattern.Potential Breakout: The price has broken above the upper wedge resistance line, indicating a potential bullish breakout.Key Levels:Resistance Zones:$1.26 (SMA50)$1.55–$1.65 (major supply zone)$1.80–$1.90 (final resistance target)Support Zones:$1.18 (local support)$1.00–$1.10 (strong green demand zone)$0.90 (final downside support)Indicators & OscillatorsVolumeVolume shows moderate rising interest during breakout—confirmation would be stronger with larger volume spikes.VMC Cipher BMomentum waves and money flow are turning bullish.Green dots at the bottom suggest bullish divergence and likely upward momentum.RSI (14)Currently at 52.77, crossing above 50—a bullish signal.Not yet overbought, so there's room to move upward.Money Flow Index (MFI)Reading at 63, indicating strong inflows and increased buying pressure.Stochastic RSIBullish crossover, currently at 66.78/75.27, heading upward—supports the breakout scenario.Trading PlanScenario A: Bullish Breakout ConfirmationTrigger: Close above $1.20–$1.22 with rising volume and continued RSI/MFI strength.Buy Zone (Spot 1): $1.18–$1.22Buy Zone (Spot 2): On pullback to wedge breakout line ($1.15–$1.17)Targets:TP1: $1.26 (SMA50)TP2: $1.55–$1.60 (supply zone)TP3: $1.80 (long-term resistance)Stop Loss: Below $1.10 (to invalidate breakout)Risk-Reward Ratio: Minimum 1:2 for TP1, up to 1:4–1:5 for TP3Scenario B: Failed Breakout / Bearish RejectionTrigger: Rejection at $1.20–$1.26 and fall below $1.15 with increasing sell volume.Short Entry (only for experienced traders): Under $1.15Targets:TP1: $1.05 (mid-demand zone)TP2: $0.95–$1.00 (major demand zone)Stop Loss: Above $1.22Note: Prefer to stay out if volume is low—wait for clearer structure.Risk Management & Strategy NotesUse position sizing: No more than 3–5% of capital per trade.Be patient—wait for candle close confirmations.If the price consolidates near $1.20 and volume increases, a strong upward move is likely.Avoid emotional trading—react to price action, not assumptions.Worldcoin (WLD/USDT) is showing strong bullish potential with a confirmed breakout from a falling wedge. Indicators support upward momentum, and the structure favors a move toward the $1.50–$1.80 range. Monitor volume and key support levels to manage risk and confirm trend continuation.