WLD 4H RSI dropped to 29, is this a bottom fishing or catching a falling knife?



$WLD /USDT - Long

Trade Plan:
Entry: 0.3832 – 0.3860
SL: 0.3666
TP1: 0.3981
TP2: 0.4071
TP3: 0.4206

Why focus on this structure?
- 15-minute RSI is oversold at 29.89, short-term rebound momentum is building.
- 4-hour EMA support at 0.3845, current price 0.3846 is hugging the support level, clear LONG signal (84% confidence).
- Why now? Although the 1D trend is bearish, small timeframe oversold + support unbroken creates a typical "counter-trend bounce" opportunity.
- Targets TP1 0.3981, TP2 0.4071, stop loss 0.3666, risk-reward ratio over 2:1.

Discussion:
Will this bounce hit TP2 directly, or will it first trap bulls and then drop back to 0.37?
WLD-4.89%
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