$WLD SHARP DROP STABILIZING AT SUPPORT: RELIEF BOUNCE OR MORE PAIN?
$WLD is currently trading at $1.351, down -4.05% over the past 24 hours. After a consistent downtrend, the price is now attempting to base out near $1.349 support. While sellers are still active, the bounce attempt from intraday lows shows buyers may be stepping in.
Key Technical Levels:
• Immediate Resistance: $1.360 – $1.375
This zone has capped several recovery attempts. Bulls need a clean breakout to flip momentum back in their favor.
• Critical Support: $1.341 – $1.349
This range is acting as the current floor. A breakdown below $1.341 could accelerate the bearish move toward the $1.30 zone.
Trade Setup
Bullish Scenario:
• Entry: Above $1.360 with volume confirmation
• TP1: $1.375
• TP2: $1.400
Bearish Scenario:
• Entry: Below $1.341
• TP1: $1.310
• TP2: $1.280
Stop-Loss Guidance:
• Longs: Below $1.344
• Shorts: Above $1.365
$WLD is at a pivot zone. A push above $1.360 may lead to a short-term recovery, but weakness below $1.341 could send it into a deeper decline. Stay alert for a breakout candle with strong volume to guide entries.