Trading Plan Short $WLD
$WLD got rejected hard from 0.3784 resistance after a weak bounce.
Entry: $0.3760-$0.3850
Stoploss: $0.3990
Targets: $0.3600 / $0.3350 / $0.3000
WLD is printing a clear distribution wick on the 1H, failing to reclaim the EMA21/50. Price is consolidating in the lower Bollinger band, suggesting weakness. OI is up slightly, but taker sell volume dominates, indicating smart money is offloading into retail long bias. Funding is creeping up, trapping late longs. A clean reclaim of $0.3990 invalidates this short setup.
Trade $WLD here 👇
$WLD got rejected hard from 0.3784 resistance after a weak bounce.
Entry: $0.3760-$0.3850
Stoploss: $0.3990
Targets: $0.3600 / $0.3350 / $0.3000
WLD is printing a clear distribution wick on the 1H, failing to reclaim the EMA21/50. Price is consolidating in the lower Bollinger band, suggesting weakness. OI is up slightly, but taker sell volume dominates, indicating smart money is offloading into retail long bias. Funding is creeping up, trapping late longs. A clean reclaim of $0.3990 invalidates this short setup.
Trade $WLD here 👇
