š„ #WLDUSDT PERP: BEARISH DOMINANCE NEARING EXHAUSTION? š„
Key Signals:
ā Extreme Oversold: RSI(6) at 11.33 (Lowest since April!) + Stochastic RSI = 0.00
ā Liquidation Fuel: 76% Longs Liquidated (Capitulation event!)
ā Volume Spike: 24H Vol = 25.87M WLD ($32M USDC)
ā Critical Support: Trading near 24H low ($1.1619)
The Setup:
- Bears crushed price -10.6% in 24H.
- BUT! Williams %R (-89.4) & Bollinger Band (touching lower band) signal MAX oversold.
- OBV shows massive selling (-124M USDC), often precedes reversal.
Trade Plan:
ā ļø SHORTS TAKE PROFIT (Oversold bounce likely)
ā” AGGRESSIVE LONGS: Scale in below $1.17 for 5-8% bounce to $1.25.
š Strict stop: Daily close < $1.155
This isn't advice, but PAIN often breeds OPPORTUNITY.
> š” Pro Tip: Watch for MACD histogram reversal + USDC volume drying up to confirm bounce!