WLD Extremely Oversold: Bounce Idea!

١٦ يونيو

Just like most alts, WLD has been selling off over the last weeks. However, we're now trading at an RSI of around 26 points on the daily chart, which implies strong oversold conditions.

This analysis is based on the idea that WLD will bounce in the near future. I keep the target relatively close because the longer-term trend is still bearish.