WLD has short positions stacked at the 4-hour level—where can this pullback go?



$WLD /USDT - Short SHORT

Trading plan:
Entry: 0.4160 – 0.4190
SL: 0.4368
TP1: 0.4030
TP2: 0.3933
TP3: 0.3789

Why focus on this setup?
- The 4-hour EMA trend is clearly downward, the 1D trend is bearish, and bearish momentum is sustained.
- The 15-minute RSI is overbought (74.54), indicating a strong need for a short-term pullback.
- Entry reference at 0.4175, with TP1 at 0.4030—about 3.5% upside/downside room.
- Why now? Overbought signals overlap with trend convergence, making a pullback more likely.

Discussion:
For this short, do you first watch TP1, or slide straight to TP2?
WLD-8.41%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned