$WLD Price Action Alert – Massive Short Liquidation at $1.154
A storm just shook the battlefield. $2,460.2K worth of shorts got obliterated at $1.154 – a clear sign that bears are getting caught off guard, and the momentum may be shifting rapidly.
This liquidation is not noise. It’s a signal. When large positions get liquidated at these levels, it often hints that the downside is exhausted in the short term, and whales are setting the stage for a possible reversal.
Technical Analysis Breakdown
Support Zone (Buy Zone): $1.120 – $1.155
This is where the liquidation hit and liquidity pooled. Expect strong bounce potential from this zone as market makers may have triggered this drop to fill large orders.
Resistance & Target Levels:
Target 1: $1.240
Target 2: $1.325
Target 3 (Extended): $1.460
Once $1.240 is flipped with strong volume, the path toward $1.325 opens wide. And if market sentiment turns bullish, $1.460 is not just possible, it's probable.
Stop Loss: $1.095
If price closes below this on 4H candle, bulls are likely losing grip, and it’s best to wait for another setup.
Market Context:
This short liquidation suggests one thing – liquidity has been harvested below, and the path of least resistance may now be upward. With short sellers crushed, the market could now fuel a relief rally or even a trend reversal if macro sentiment supports it.