📊 $WLD
This setup is not bullish yet. It’s a counter-trend bounce after a decline, and price is now reacting at a supply + Fib resistance zone.
Key reasons it’s bearish-biased:
• The upside move looks like a relief bounce, not a structure flip
• Price is stalling at $0.60 (0.236 Fib + local level)
• EMA compression after a spike → typical pullback signal
• No strong demand above, while liquidity sits lower around $0.55
• Volume profile supports a move down to collect liquidity
👉 So the trade idea aligns with a short / pullback continuation, not trend reversal.
Bias summary:
• Short-term: Bearish / corrective
• Medium-term: Neutral until $0.60–$0.62 is reclaimed and held
If price accepts above $0.62 with volume, then the bias would shift. Until then, sellers have the edge. 📉
