Quick update on $WLD since I posted about it this morning. I was watching 0.50 for a sweep and reclaim, and it just didn't hold. Price sliced through, down about 14% on the day from 0.553 to 0.4755 now, so that idea is dead and I'm out of the way like I said I'd be under 0.49.
On the NanoTrading Fire chart 4h the volume profile is the story. Most of the recent volume sits up around 0.52 to 0.58 with the high-volume line near 0.556, and the value area low is around 0.505. Price is now trading well below all of that. The order book heatmap shows a bright bid block around 0.455, and the liquidation map has thick bands stacked from 0.455 to 0.465 right under price, while the short-side tags sit up near 0.56.
Binance futures tell me this wasn't a big leverage flush yet. OI in dollars dropped from about $93.5M to $84.7M, but contracts barely moved, and funding is still slightly positive at 0.0094%. Accounts went from 64% long to 60% long, and top traders are actually more long now, around 70%. People are still trying to catch it.
My read: 0.455 to 0.465 is the magnet. If that bid block gets tagged and price snaps back above 0.49, I'd look at a bounce toward 0.505. Until then I'm not touching longs 🤷
NFA, just sharing how I'm reading it.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$WLD #Worldcoin #WLD #NanoTrading
On the NanoTrading Fire chart 4h the volume profile is the story. Most of the recent volume sits up around 0.52 to 0.58 with the high-volume line near 0.556, and the value area low is around 0.505. Price is now trading well below all of that. The order book heatmap shows a bright bid block around 0.455, and the liquidation map has thick bands stacked from 0.455 to 0.465 right under price, while the short-side tags sit up near 0.56.
Binance futures tell me this wasn't a big leverage flush yet. OI in dollars dropped from about $93.5M to $84.7M, but contracts barely moved, and funding is still slightly positive at 0.0094%. Accounts went from 64% long to 60% long, and top traders are actually more long now, around 70%. People are still trying to catch it.
My read: 0.455 to 0.465 is the magnet. If that bid block gets tagged and price snaps back above 0.49, I'd look at a bounce toward 0.505. Until then I'm not touching longs 🤷
NFA, just sharing how I'm reading it.
Source: NanoTrading Fire chart (nanotradingclub.xyz)
$WLD #Worldcoin #WLD #NanoTrading