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Is this the last hope for WLD bulls? The 4-hour EMA has broken down
$WLD /USDT - SHORT
Trade Plan:
Entry: 0.3800 – 0.3830
SL: 0.3964
TP1: 0.3704
TP2: 0.3629
TP3: 0.3518
Why focus on this structure?
- 1-hour EMA at 0.3815 lost, 15-minute RSI at 63.75 rolling over from highs
- Daily trend clearly bearish, ATR volatility expanding to 0.0062
- Current area 0.3815-0.3830 is the last defense; a breakdown points straight to TP1 at 0.3704
Discussion:
Do you think WLD will first hit TP2 at 0.3629 in this move, or will there a bear trap bounce?