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The WLD/USDT (1D) chart shows a clear descending channel structure, where price consistently forms lower highs and lower lows since its previous peak. This indicates that the market is still in a bearish / downtrend phase.
Price is currently near the upper boundary (resistance trendline) of the channel, making this a critical decision zone for the next move.
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📉 Pattern: Descending Channel
A descending channel is a bearish continuation pattern characterized by:
Resistance trendline (red) → rejecting upward moves
Support trendline (yellow) → containing downside movement
Price moving steadily

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