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$WLD (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.3920 - 0.3985
Targets:
TP1: 0.3820
TP2: 0.3725
TP3: 0.3600
Stop Loss: 0.4055
Why this Setup:
I see price pushing into a clear resistance area after a sharp rally, and I want to fade the move if it loses momentum near the recent highs. I’m targeting a pullback toward the prior breakout levels where buyers should either defend or give way for a deeper retrace.