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Arthur Hayes' crash aftermath, how far can WLD's rebound go? I remain skeptical
Brothers, WLD has been very lively these days, with a wave of up and down spikes that have wiped out both the chasing highs and chasing lows. Hayes called the shot and then ran away, although the price recovered after the crash, be careful this might be a "bull trap"!
I took a quick look at the market:
1️⃣ Poor position: Currently the price is approaching 0.51, which is exactly the starting point of the surge and pullback on June 9th, with quite a few trapped positions.
2️⃣ Good news already priced in: The hype around the AI sector is cooling down as the news settles, with no new narratives to push through the previous highs.
My strategy:
Place a short around 0.508, with a stop loss at 0.525. If triggered, take profit around 0.48 and reduce positions, leaving some for a potential move to 0.45. #wld