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$WLD $WLDUSDT (1h) - Short Rejection Fade
Bias: Short
Entry (Zone): 0.5890 - 0.5955
Targets:
TP1: 0.5725
TP2: 0.5610
TP3: 0.5430
Stop Loss: 0.6075
Why this Setup:
I see a sharp impulse into resistance followed by stalling near the highs, so I want to fade the rejection if price fails to hold above 0.59. I’m looking for continuation back into the prior breakout area first, then deeper mean reversion if momentum cools off.