Update: $WLD is up +24%
$WLD has successfully bounced from the support zone (green box) we discussed earlier. However, the price is currently facing resistance at the 182 EMA, meaning a retest is still possible before the next leg up.
The nearest retest zone is around $0.34-$0.30. If you’re still holding $WLD, this is an important area to watch.
If $WLD manages to break above and hold $0.453, it could open the door for a move back toward the previous highs in the $0.57-$0.71 range.
As always, manage your risk and position size accordingly. ✊🏻💎
