Told you we were watching $WLD, and it just did exactly what we thought it would, rejecting hard from that upper zone. Here is the trade.
Entry: 0.3417-0.34375
TP1: 0.33587
TP2: 0.33244
TP3: 0.32902
SL: 0.3508
Price tapped into this zone and the sellers showed up immediately, no hesitation at all. That kind of rejection after a run up usually means the buyers who chased are already underwater.
Risk sits at 0.3508 and structure below is clean all the way to TP3. This is the kind of setup where the level does the talking, not me.
You shorting this or waiting for a retest into the zone?
position accordingly.
$WLD $BTC
Entry: 0.3417-0.34375
TP1: 0.33587
TP2: 0.33244
TP3: 0.32902
SL: 0.3508
Price tapped into this zone and the sellers showed up immediately, no hesitation at all. That kind of rejection after a run up usually means the buyers who chased are already underwater.
Risk sits at 0.3508 and structure below is clean all the way to TP3. This is the kind of setup where the level does the talking, not me.
You shorting this or waiting for a retest into the zone?
position accordingly.
$WLD $BTC