$WLD clearly bearish, it has formed a series of lower highs from 0.61 down to 0.54
Recent price action shows a strong rejection at 0.54 and a sharp breakdown below 0.50 psychological level.
Currently, the price is trying to find support around the 0.47 - 0.48 zone.
The declining Open Interest indicates a lack of immediate buying pressure to reverse the broader downtrend, making shorting the bounces the safer play.
$WLD Short Setup
· Short Entry: 0.50 - 0.52 (retest resistance zone)
· Stop Loss: above 0.55
· TP1: 0.47 | TP2: 0.46
just Trade here$WLD
#WLD #Market_Update #Write2Earn! #BinanceSquareFamily
Recent price action shows a strong rejection at 0.54 and a sharp breakdown below 0.50 psychological level.
Currently, the price is trying to find support around the 0.47 - 0.48 zone.
The declining Open Interest indicates a lack of immediate buying pressure to reverse the broader downtrend, making shorting the bounces the safer play.
$WLD Short Setup
· Short Entry: 0.50 - 0.52 (retest resistance zone)
· Stop Loss: above 0.55
· TP1: 0.47 | TP2: 0.46
just Trade here$WLD
#WLD #Market_Update #Write2Earn! #BinanceSquareFamily