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Now, let’s dive into this chart analysis:
On this 2-day timeframe, WLD has broken above a key resistance trendline and is now trending above the 21 EMA.
With this breakout, WLD is aiming for $2.832, where the first resistance lies. A correction is possible after reaching this level, but in the long run, WLD holds the potential to achieve 6x-7x gains.
Key levels:
- Support: $1.76.
- Accumulation: $1.33 to $1.8.
- Initial Resistance: $2.832.
- Long-term Targets: $4.56, $6.75, $10.74.
DYOR, NFA.
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