1️⃣ Insight Summary
WLD has been showing some strength recently, following Bitcoin's bounce. Although the bigger trend has been bearish since December 2024, we're now seeing signs of a potential short-term correction upward.
2️⃣ Trade Parameters
Bias: Long
Entry Zone: $0.90 – $0.92835 (wait for a reclaim and retest as support)
Stop Loss: $0.765
TP1: $1.22
TP2: $1.32
TP3: $1.84
Final Target (Stretch Goal): $2.50
Partial Exits: TP1 and TP2 will be aggressive exits, while the rest of the position will be managed more passively.
3️⃣ Key Notes
✅ WLD is reacting to Bitcoin's recent strength, which could support this corrective move.
❌ However, the macro trend is still bearish, so it’s essential to wait for confirmation (reclaiming the entry zone as support).
📊 Keep an eye on BTC and broader market sentiment to gauge continuation potential.
4️⃣ Follow-up Note
Will review the setup and update if we break the current entry zone or reject before confirmation.
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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.