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$WLD : The Relief Bounce Short! ( SHORT Setup 🎯)
$WLD is showing the strongest bearish structure, but shorting at the current price ($0.3723) is bad execution. The 1H RSI is extremely oversold at ~15.8, and price is sitting near the fresh $0.3718 low. This is exactly where a relief bounce or short squeeze can occur.
The broader market is fragile: BTC/ETH are under pressure, with the Fed decision, >5% U.S. 10Y yields, and oil above $100 creating clear risk-off conditions.
Do not chase below $0.3745. Wait for the bounce into the supply zone and a confirmed rejection before entering.
📍 Ideal Entry: $0.3765 – $0.3790
📍 Acceptable Entry: $0.3755 – $0.3800
🚫 Chase Zone: Below $0.3745 → CANCEL
🎯 Target 1: $0.3690
🚀 Target 2: $0.3620
🚀 Target 3: $0.3540
🛑 Stop Loss: $0.3848
⚠️ Note: This is a WAIT-FOR-RETEST setup. No market entry at current price.
#WLD #Worldcoin #Crypto #BinanceSquare (If you found this setup helpful, smash the 👍 LIKE button and consider leaving a 💡 TIP to support my work!)