$WLD Short Liquidation: $28.676K at $2.87856!
Overview:
Type: Short Liquidation
Liquidated Amount: $28.676K
Price Level: $2.87856
What Happened?
WLD experienced a sharp price increase to $2.87856, forcing short sellers to liquidate their positions.
This added more buying pressure and accelerated the upward trend.
What’s Next?
1. Key Levels to Watch:
Resistance: $3.00 – A breakout could push WLD towards $3.20.
Support: $2.80 – Holding above this keeps the bullish momentum intact.
2. Market Sentiment:
Bullish: Strong short liquidations indicate rising demand for WLD.
Next Target: Breaking $3.00 could confirm a stronger uptrend.
3. Trading Strategy:
For Buyers: Look for dips near $2.80 to enter with lower risk.
For Sellers: Wait for reversal signals near resistance before re-entering shorts.
Conclusion:
WLD’s upward surge highlights bullish dominance. Watch $3.00 for a breakout and monitor $2.80 for support.
The trend remains strong, so trade carefully and capitalize on the momentum!
