$WLD – Bears dominating the trend, watching for a potential relief bounce or further breakdown
Trading Plan: Short $WLD
Entry: 0.4425 – 0.4580
SL: 0.4850
TP: 0.4220
TP: 0.3950
TP: 0.3500
The 4-hour chart for $WLD shows a heavy bearish structure with price consistently making lower highs and lower lows. It is trading well below its major moving averages, with MA(7), MA(25), and MA(99) all pointing downward, signaling massive selling pressure.
Price is currently hovering near its recent support at 0.4335. While the volume shows some stabilization, the overall momentum remains firmly in control of the sellers. If the price fails to hold this immediate support zone, expect an aggressive drop to new lows. Alternatively, any minor pullback toward the MA(7) or MA(25) lines should be seen as a lower-high resistance test to lock in short positions.
Trade $WLD here 👇
Trading Plan: Short $WLD
Entry: 0.4425 – 0.4580
SL: 0.4850
TP: 0.4220
TP: 0.3950
TP: 0.3500
The 4-hour chart for $WLD shows a heavy bearish structure with price consistently making lower highs and lower lows. It is trading well below its major moving averages, with MA(7), MA(25), and MA(99) all pointing downward, signaling massive selling pressure.
Price is currently hovering near its recent support at 0.4335. While the volume shows some stabilization, the overall momentum remains firmly in control of the sellers. If the price fails to hold this immediate support zone, expect an aggressive drop to new lows. Alternatively, any minor pullback toward the MA(7) or MA(25) lines should be seen as a lower-high resistance test to lock in short positions.
Trade $WLD here 👇