$WLD Fell 3.06% in 15 minutes, with the current price at 0.4851. Two possible scenarios next:
① It holds sideways on lower volume and climbs back above the starting point of the drop → this move looks more like a shakeout
② The rebound is weak and it breaks below the 24-hour low of 0.478 → the downtrend is likely to continue
Personally, I’d rather wait and judge by the strength of the first rebound. Are you chasing or staying on the sidelines?
① It holds sideways on lower volume and climbs back above the starting point of the drop → this move looks more like a shakeout
② The rebound is weak and it breaks below the 24-hour low of 0.478 → the downtrend is likely to continue
Personally, I’d rather wait and judge by the strength of the first rebound. Are you chasing or staying on the sidelines?