🚨 $WLD We're in a pretty clear downtrend—bearish vibes all the way. Let me break it down quick.
*Volume Check: That latest K-line? Super low volume at just 87k during this sideways consolidation. Feels like the calm before the storm, especially after those massive sell-offs we saw, like that 845M volume spike back on what, mid-November? Smells like smart money distributing shares quietly.
*Capital Flows: Oof, the money's leaking out. Net outflows hit -1.66M USDT in the last 24 hours and a whopping -7.42M over the week. Sure, there's a tiny bounce with +235k in 15m and +435k in 30m, but it's fizzling fast—no real legs there. Even spot markets are bleeding, down -197k/24h. Demand's just not showing up.
*My Play $WLD : I'm leaning cautiously bearish here—short it, but keep stops tight
- Entry: Jump in short if it bounces off 0.4950 (today's high) and rejects, or better yet, wait for a clean break under 0.4768 (24h low). If you're patient, hold for a retest of 0.5198 (Resistance) for a safer shot.
- Stop-Loss: I'd set it at 0.5110 if you're in at 0.4950. Factoring in the ATR around 0.0376 and all this vol, it gives some breathing room without getting wrecked.
- Targets $WLD : First one's 0.4427 (Support). If it really dumps, eye 0.4108 (next support) as the next stop.
Keep an eye on 1H closes—if we somehow push over 0.5200 (Resistance), might be time to rethink and flip to neutral. What's your take on WLD? Anyone seeing bullish signals I'm missing? 📉 #WLD #WLDUSDT #Worldcoin