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$WLD (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 0.520 - 0.535
Targets:
TP1: 0.505
TP2: 0.485
TP3: 0.460
Stop Loss: 0.557
Why this Setup:
I see WLD stalling under the recent highs after a strong breakout, and I want to fade the move if price keeps rejecting this resistance zone. I’m targeting a rotation back into the prior support areas where buyers previously stepped in.