$WLD ๐
Position: Buy @ 0.4053
Invalidation: 0.3714 | Profit Target: 0.479
WLD is sitting right in a juicy gap after a nasty drop.
- The one-hour trend is bearish, but price is deep in the discount zone of the dealing range, favoring long setups.
- A bearish change of character occurred 11 candles ago, but price has since dropped sharply, creating a potential exhaustion move.
- Price is currently inside a bullish fair value gap from 141 candles ago, providing a clear entry zone for a counter-trend bounce.
- An untapped buy-side liquidity pool sits at 0.479, offering a clear target for a rally back into the range.
- The recent low at 0.4027 is a fresh sell-side liquidity pool, and a stop below the next cluster of open liquidity at 0.3714 protects against a deeper breakdown.
Let's see if the discount zone can hold and push us back up.
#Trading #CryptoSignals #WLD
Position: Buy @ 0.4053
Invalidation: 0.3714 | Profit Target: 0.479
WLD is sitting right in a juicy gap after a nasty drop.
- The one-hour trend is bearish, but price is deep in the discount zone of the dealing range, favoring long setups.
- A bearish change of character occurred 11 candles ago, but price has since dropped sharply, creating a potential exhaustion move.
- Price is currently inside a bullish fair value gap from 141 candles ago, providing a clear entry zone for a counter-trend bounce.
- An untapped buy-side liquidity pool sits at 0.479, offering a clear target for a rally back into the range.
- The recent low at 0.4027 is a fresh sell-side liquidity pool, and a stop below the next cluster of open liquidity at 0.3714 protects against a deeper breakdown.
Let's see if the discount zone can hold and push us back up.
#Trading #CryptoSignals #WLD