$WLD Oversold Panic or Perfect Reversal? Bulls Testing the Waters!
WLD has plunged nearly 9%, currently sitting at $0.853, just above its daily low. After a brutal downtrend, the candles are now compressing—and this could explode either way.
Key Price Levels to Watch:
• Immediate Resistance:
• $0.860 – Needs breakout to regain short-term control
• $0.873 – Mid-range recovery zone
• $0.890 – Heavy resistance
• Critical Support:
• $0.846 – Immediate line in the sand
• Drop below = downside continuation to $0.830 → $0.810
Trade Setup – Breakout or Breakdown Loading:
• Bullish Scenario:
• Break above $0.860
• TP1: $0.873
• TP2: $0.890
• Bearish Scenario:
• Breakdown under $0.846
• TP1: $0.830
• TP2: $0.810
WLD is at a high-tension zone. If bulls push past $0.860 with volume, we could see a relief rally. Otherwise, it’s another leg down. Eyes on breakout or rejection at $0.860!