$WLD
Short Setup
The bounce may be a dead cat rally, with the broader downtrend still in focus.
Trade plan:
Entry: 0.2606 - 0.2652
Take Profit 1: 0.2500
Take Profit 2: 0.24
Stop-Loss: 0.2732
If sellers step back in, the relief rally could roll over!
Be careful: A sudden spike in buying volume could reclaim the 1h MA7, invalidating the bearish thesis.
Never go all-in, fam. Use a position size that fits your account and risk tolerance. Not financial advice.
Short Setup
The bounce may be a dead cat rally, with the broader downtrend still in focus.
Trade plan:
Entry: 0.2606 - 0.2652
Take Profit 1: 0.2500
Take Profit 2: 0.24
Stop-Loss: 0.2732
If sellers step back in, the relief rally could roll over!
Be careful: A sudden spike in buying volume could reclaim the 1h MA7, invalidating the bearish thesis.
Never go all-in, fam. Use a position size that fits your account and risk tolerance. Not financial advice.
