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Everyone is bullish on WLD—here’s why I’m shorting it at 0.543.
$WLD /USDT - SHORT
Trade Plan:
Entry: 0.540 – 0.546
SL: 0.576
TP1: 0.518
TP2: 0.502
TP3: 0.478
Why this setup?
RSI on 15m is 62.84, still overbought for a range-bound 1D trend. 4h bias is SHORT with 55% confidence, and entry at 0.543 sits right at resistance. TP1 is 0.518, a clean 4.6% drop. Why now? ATR on 1h is 0.0136, so volatility is tight—break below 0.540 triggers the move.
Debate:
Are you fading the range or riding it to TP3 at 0.478?