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WLD 4-hour short signal score 95, is this wave going to break down?
$WLD /USDT - SHORT
Trade Plan:
Entry: 0.3932 – 0.3964
SL: 0.4100
TP1: 0.3834
TP2: 0.3758
TP3: 0.3643
Why pay attention to this structure?
- Daily trend is clearly bearish, RSI on the 15-minute chart has reached the oversold zone at 25.36, a bounce is an opportunity to add to the position.
- Current entry at 0.3948, TP1 at 0.3834, TP2 at 0.3758, stop loss at 0.4100, risk/reward ratio 1:2.
- Why now? The 4-hour cycle has just confirmed the bearish trend, the oversold bounce is weak, so a trend-following short has a higher probability of success.
Discussion:
Will this move hit TP2 first or is it a false short bounce? Share your view in the comments.