Trade WLD in Futures Market at CoinDCX
Issued on: 03rd Oct’23
Valid upto: 10th Oct’23
Category: Infrastructure
Market Cap: $215 Million
Price Update
WLD price at the time of writing (03rd Oct’23, 15:00) is $1.630, with a 24-hour trading volume decreased by 57.62% to $79 Million. WLD price is down by 4.29% in the last 24 hours according to coinmarketcap.com.
Analysis
Analyzing the above chart:
- WLD USDT has formed a head and shoulders pattern at its peak and has broken below it, indicating a bearish trend.
- This bearish outlook is supported by price action, fib levels and various indicators.
- Negative news surrounding WLD further contributes to the bearish sentiment.
- A Short Trading strategy can be assessed between $1.653-$1.617 with an invalidation above $1.733
- On the downside, one can see a fall of 15-20% toward $1.510, $1.437 & $1.325 (valid for 7 days)
- Risk to Reward Ratio: 1:4 (Considering Target 3)
- It would seem that one should maintain a balanced risk-to-reward ratio and check the use of leverage and position size to ride out current market conditions.
Note: WLD is now available in the futures market in both CoinDCX and CoinDCX Pro apps with up to 15x leverage.
Last 30 Days Analysis Summary
| DATE | TOKEN | Strategy (Long/Short) |
TOKEN RETURN% | TOKEN RETURN % (with 8x leverage) |
BTC RETURN% |
| 4-Sep | 1000SHIB | Short | 7.50% | 60.00% | -1.72% |
| 7-Sep | SEI | Long | -3.20% | -25.61% | -0.67% |
| 12-Sep | LPT | Long | Not considered(flat) | ||
| 13-Sep | RUNE | Long | 22.27% | 178.13% | 2.13% |
| 15-Sep | MKR | Long | 13.97% | 111.80% | 3.08% |
| 18-Sep | AAVE | Long | 10.00% | 79.96% | 1.65% |
| 18-Sep | LINK | Long | 8.29% | 66.30% | 0.43% |
| 21-Sep | LDO | Short | 6.08% | 48.62% | -3.22% |
| 25-Sep | WLD | Long | 9.10% | 72.81% | 0.88% |
| 27-Sep | MKR | Long | 13.25% | 105.98% | 3.56% |
| 27-Sep | C98 | Long | 9.04% | 72.33% | 5.61% |
| 3-October | MATIC | Long | Trade is live | ||
| AVERAGE RETURN(per trade) | 9.63% | 77.03% | 1.17% | ||
| SUCCESS RATE | 90.00% |
Return % is calculated based on pricing data as available on the platform and is valid for 15 days from the date of publishing.
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