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The 4h RSI just flashed 38.59—WLD is bleeding, but is the real trap below 0.4766?
$WLD /USDT - SHORT
Trade Plan:
Entry: 0.4829 – 0.4941
SL: 0.5419
TP1: 0.4484
TP2: 0.4217
TP3: 0.3816
Why this setup?
• RSI at 38.59 on 15m signals short-term weakness, but 4h structure is still "Armed" for a SHORT.
• Key invalidation level: 0.4766. If it breaks, the short thesis dies—so the "why now" is the tight squeeze zone above 0.4829.
• Entry ref at 0.4885 with TP1 at 0.4484 offers a 8% drop—high probability if range holds.
Debate:
Are we getting a dead cat bounce to 0.4941 or a direct flush to TP1?