Anyone else watching $WLD for a short at 0.339?
Me, yes. Not chasing it though, the level has to hold.
Why it's on my radar:
- Price 0.339 sits below the 4H EMA50 (0.393) · trend structure still favors sellers
- Stop 3.9% away, TP3 6.2% away: 1.6R if TP3 gets there
- RSI 27 on the 1H · already oversold, not a drop to chase
Entry 0.3376–0.3394 (short)
Targets 0.3307 → 0.3254 → 0.3176
Invalidation 0.3516
Plan, not advice.
Me, yes. Not chasing it though, the level has to hold.
Why it's on my radar:
- Price 0.339 sits below the 4H EMA50 (0.393) · trend structure still favors sellers
- Stop 3.9% away, TP3 6.2% away: 1.6R if TP3 gets there
- RSI 27 on the 1H · already oversold, not a drop to chase
Entry 0.3376–0.3394 (short)
Targets 0.3307 → 0.3254 → 0.3176
Invalidation 0.3516
Plan, not advice.
