Check the confirmation before entering. I have a feeling this rebound in $WLD is a little underwhelming. On the 4-hour chart, the price has stayed below several downward-sloping moving averages. The rebound lacks volume—doesn’t it look a bit weak? The 1-hour chart shows the same resistance, with the short- and medium-term trends aligned against the price. This rebound looks more like an opportunity for bears to take position.
The cluster of moving averages above is acting as resistance, and the closer the price gets, the more likely it is to lose momentum. There’s less resistance on the way down. I’m not in a hurry to take a large position here; a small short position and reducing it gradually in line with the market’s pace seems safer. After all, confidence is moderate, so don’t overcommit.
🔴 Trade direction: Short
📍 Entry range: 0.3425617 – 0.3443737
🛑 Stop-loss: 0.3586576
🎯 Take profit 1: 0.3320754
🎯 Take profit 2: 0.3244804
🎯 Take profit 3: 0.3130881
There’s no need to chase the winds of change; they’ll settle in time.
Stand alongside Sister Li, and let every moment resonate.
#WLD
Click below to trade 👇
The cluster of moving averages above is acting as resistance, and the closer the price gets, the more likely it is to lose momentum. There’s less resistance on the way down. I’m not in a hurry to take a large position here; a small short position and reducing it gradually in line with the market’s pace seems safer. After all, confidence is moderate, so don’t overcommit.
🔴 Trade direction: Short
📍 Entry range: 0.3425617 – 0.3443737
🛑 Stop-loss: 0.3586576
🎯 Take profit 1: 0.3320754
🎯 Take profit 2: 0.3244804
🎯 Take profit 3: 0.3130881
There’s no need to chase the winds of change; they’ll settle in time.
Stand alongside Sister Li, and let every moment resonate.
#WLD
Click below to trade 👇