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WLD bearish signal 95%, where will this drop to?
$WLD /USDT - SHORT
Trading plan:
Entry: 0.3832 – 0.3852
SL: 0.3942
TP1: 0.3767
TP2: 0.3717
TP3: 0.3643
Why focus on this structure?
- The 1-day trend is clearly bearish, with strong 4-hour bearish signal strength at 95%.
- 15-minute RSI is 56.92, not oversold, still room to the downside.
- Entry at 0.3842, TP1 0.3767, TP2 0.3717, TP3 0.3643, SL 0.3942.
- Entering now gives a risk-reward ratio close to 1:3.
Discussion:
Will this move first to TP2, or will it fake a rally (bull trap) and then drop?