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WLD this time’s bearish signal—are you going to follow it?
$WLD /USDT - SHORT the position
Trading plan:
Entry: 0.3929 – 0.3961
SL: 0.4095
TP1: 0.3833
TP2: 0.3758
TP3: 0.3646
Why focus on this structure?
Bearish confirmation on the 4-hour timeframe; RSI on the 15-minute is only 24.34, extremely oversold, but the 1D trend is still bearish. Entry at 0.3945, TP1 at 0.3833, TP2 at 0.3758. Why now? The oversold bounce has no strength; bearish momentum is in control, and the 95% confidence signal is already armed.
Discussion:
Will TP2 hit first, or is it a bull trap bounce to lure you in? Have you placed your order?