Anyone else watching $WLD short into 0.302 on the 4H?
I am. Sellers need to hold this one. A close above and I'd drop the idea.
Entry 0.3009–0.3019 (short)
Targets 0.2981 → 0.2958 → 0.2925
Invalidation 0.3070
The read:
• 4H at 0.301, below the EMA50 at 0.329. Structure still favors sellers
• Daily sits below the EMA200 at 0.405, so the higher frame agrees
• 1.9% to the stop, 3.0% to TP3. About 1.6R if it plays out
Not advice, size it yourself.
I am. Sellers need to hold this one. A close above and I'd drop the idea.
Entry 0.3009–0.3019 (short)
Targets 0.2981 → 0.2958 → 0.2925
Invalidation 0.3070
The read:
• 4H at 0.301, below the EMA50 at 0.329. Structure still favors sellers
• Daily sits below the EMA200 at 0.405, so the higher frame agrees
• 1.9% to the stop, 3.0% to TP3. About 1.6R if it plays out
Not advice, size it yourself.
