Bearish on #WLDUSDT Perp š»
####Key Reasons:
1. Downtrend Confirmation & Resistance Rejection:
- Price trades below Middle Bollinger Band (1.19144) at 1.13201 (downtrend structure).
- Rejected near 24h High (1.17174)** despite STOCHRSI overbought signal.
2. Bearish Momentum & Volume Divergence:
- MACD: -0.00014 (bearish crossover accelerating).
- Volume MA(5): 2.34B vs. MA(10): 3.09B ā declining interest in upside moves.
- OBV: -134.98M** (persistent selling pressure).
3. Overbought Trap & Weak Sentiment:
- STOCHRSI: 80.04 (extremely overbought) ā reversal imminent.
- 74.34% Longs (crowded trade) + Negative Funding Rate (-0.08%) ā shorts paid, signaling bearish bias.
4. Critical Support Break Risk:
- Testing 24h Low (1.09688); break below targets Lower Bollinger Band (1.03089).
- RSI(6) at 40.37 (no oversold bounce strength).
---
### Trade Setup:
- Entry Zone:1.1320-1.1400 (current price + retest of breakdown level).
- Stop Loss:1.1720 (above 24h high).
- Take Profit 1:1.0970 (24h low, -3.1%).
- Take Profit 2:1.0310 (Lower BB, -8.9%).
### Action:
Short with 1:4 risk-reward. Move stop to entry at 1.1200 to lock profits.
---
