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Is this WLD bounce the last kindness of the bears?
$WLD /USDT - SHORT
Trade Plan:
Entry: 0.3812 – 0.3844
SL: 0.3977
TP1: 0.3716
TP2: 0.3641
TP3: 0.3529
Why focus on this structure?
- RSI 15m is only 43.1, weak bounce, bearish momentum building.
- 4h EMA shows bearish alignment, 1-day trend clearly bearish, 0.3828 is key resistance.
- Current price is close to entry zone 0.3812-0.3844, stop loss at 0.3977 is clear, risk-reward ratio 3:1+.
Discussion:
Do you think this wave will hit TP1 0.3716 first, or will there be a fakeout bounce to continue?