$WLD SUDT (Perp) chart you shared:
📉Current Market Condition
Price: ~0.5833
Trend: Clear downtrend price is staying below MA60 (0.5875).
Structure: Lower highs + lower lows forming, showing sellers in control.
Volume: Low and declining after a previous spike indicates weak buying pressure.
🔍 Key Observations
1. Price Below MA60
As long as price stays below the MA60, trend bias remains bearish.
Any recovery attempt is getting rejected before reaching the MA60.
2. Small Bounce Attempts
Price made a few weak bounces but keeps failing around 0.5850–0.5860.
This shows sellers stepping in quickly.
3. Support Zone
Closest support levels visible:
0.5800 – the zone price is hovering above
A break below may send it to 0.5750 – 0.5720
4. Resistance Levels
Immediate resistance:
0.5860 Stronger resistance:
0.5900–0.5920 (MA60 area)
🎯 Possible Trading Plans
✅ Bullish Scenario (Safer)
Only consider longs if:
Price reclaims 0.5860
AND closes above MA60 (0.5875–0.5880) on 5m/15m
Targets:
TP1: 0.5905
TP2: 0.5925
Stop-loss:
Below 0.5830
❌ Bearish Scenario (Current Bias)
If price breaks below 0.5800, momentum likely continues down.
Entry (Short): 0.5800 break
Targets:
TP1: 0.5770
TP2: 0.5730
Stop-loss:
Above 0.5860
📌 My Best Advice Right Now
Since price is trending down and below key MAs, avoid aggressive long entries.
Look for a clear reclaim of 0.5860–0.5880 before considering buys.
For now:
➡️ Market is bearish until proven otherwise.
If you want, I can make a quick setup card (Entry / SL / TP) like your previous ones.
