$WLD Bulls Crushed: $1.63M Long Liquidation at $1.120
The markets just witnessed a brutal shakeout. Over $1.63 million worth of $WLD longs were liquidated at the $1.120 mark, sending a chilling signal across the board. This kind of liquidation flush often marks a short-term bottom — but only for the brave.
The fear is real, but opportunity rises from the wreckage.
Analysis and Strategy:
Buy Zone:
$1.095 – $1.130
This is a high-potential accumulation zone where panic selling has been absorbed. Volume spikes and liquidation clusters suggest smart money may have started re-entering.
Short-Term Targets:
Target 1: $1.210
Target 2: $1.285
Target 3: $1.360 (Major resistance zone, watch closely)
Swing Targets (for high-risk holders):
Target 4: $1.475
Target 5: $1.590
Stop Loss:
Hard stop: $1.060
This is below the liquidation flush and structure support. If this breaks, downside could accelerate quickly.
Market Insight:
The liquidation at $1.120 wasn’t random. It aligns with a previous structural support from March and a high-leverage zone. Many leveraged long traders were caught sleeping, and the cascade may have cleared the path for a healthier bounce.
$WLD has shown resilience after such events before — and if the structure holds, this could be a textbook recovery setup. But keep your risk tight and emotions tighter.
