$WLD looks extremely weak right now.
Current Price: $0.4066
The chart continues to print lower highs and lower lows which confirms that sellers remain in full control. Every recovery attempt is being rejected and bearish momentum is still dominating the market.
Trade Setup
Entry Zone: $0.4050 - $0.4100
TP1: $0.3900
TP2: $0.3700
Stop Loss: Above $0.4250
Volume spikes during the selloff suggest strong distribution while buyers are struggling to regain control. Until price reclaims key resistance levels the trend remains bearish.
My View:
A drop of more than 20% in 24 hours has damaged market structure significantly. Unless bulls produce a strong reversal candle this looks like a relief bounce before another leg down.
The trend is your friend and right now the trend is pointing lower. 📉🔥
Bears are still in control. Trade carefully and respect your risk management.
