Is $WLD about to trap the shorts here? ๐
The 4H structure is getting really interesting. Price has recovered strongly from the $0.48 area and is now pushing back toward the same $0.58โ$0.59 resistance that rejected it before.
This time, though, the momentum coming into that level looks much stronger.
If $WLD gets a clean breakout and holds above $0.587, I think the move could accelerate quickly as short positions start getting squeezed.
Iโm looking for a LONG on $WLD around this setup.
Entry: ~$0.56โ$0.57
TP: $0.65
SL: $0.52
The 4H structure is getting really interesting. Price has recovered strongly from the $0.48 area and is now pushing back toward the same $0.58โ$0.59 resistance that rejected it before.
This time, though, the momentum coming into that level looks much stronger.
If $WLD gets a clean breakout and holds above $0.587, I think the move could accelerate quickly as short positions start getting squeezed.
Iโm looking for a LONG on $WLD around this setup.
Entry: ~$0.56โ$0.57
TP: $0.65
SL: $0.52
