BREAKING: $4.98K Longs Wiped at $1.183!
$WLD Shaken but Not Broken! Is a Reversal Brewing?
A heavy long liquidation at $1.183 has rattled the bulls — almost $5K worth of longs got crushed in seconds. But is this the dip before a rocket ride?
Let’s dive into the Analysis:
Chart Breakdown & Technical Analysis:
Support Zone (Buy Area): $1.14 – $1.18
This zone has acted as a high-volume accumulation zone. Repeated bounces here indicate whale interest.
Resistance Levels (Targets):
Target 1: $1.24 (minor resistance)
Target 2: $1.32 (EMA rejection point)
Target 3: $1.42 (major breakout level)
Stop Loss: Below $1.10
If $1.10 breaks, $WLD could slip into a deeper correction zone.
RSI & Volume:
RSI touched the oversold zone near 29 — indicating a possible bullish divergence.
Volume spike during the liquidation suggests panic exit, not structural weakness.
Summary: $WLD just faced a flash liquidation storm. But where fear spikes, opportunity lurks. If the $1.14–$1.18 support holds, we might see a sharp V-shaped reversal towards $1.30+!
Play it smart, not scared. Dips are deadly — or golden — depending on your vision.