🚨 $WLD Long Liquidation Alert! $15.166K Liquidated at $1.84571!
A massive $15,166 in long positions were liquidated at $1.84571, sending shockwaves through the market! This large liquidation indicates that bulls were forced to exit, but smart traders? !
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Market Breakdown
What Happened? The liquidation at $1.84571 shows that buyers were overwhelmed, leading to a price drop. This could signal bearish pressure in the short term, but a recovery could be coming if support holds.
We could see more downside, or the price might bounce from key support levels and head higher.
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Trading Plan for $WLD
Buy Zone
Look to buy between $1.820 - $1.830 if the price pulls back to retest recent support and shows signs of stability.
Consider shorting between $1.860 - $1.870 if the price fails to break higher and shows signs of weakness.
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Targets
If Buying:
Target 1: $1.880 (first resistance level)
Target 2: $1.900 (bullish extension)
If Shorting:
Target 1: $1.810 (support level)
Target 2: $1.780 (stronger retracement level)
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Stop Loss
For Shorts: Stop loss at $1.875 to avoid large losses if the price continues higher.
For Longs: Stop loss at $1.800 to protect your position if the price drops further.
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Why This Setup is Key
1. Large Liquidation: A $15K liquidation can create downward pressure, but it could also signal a buying opportunity if the price holds key support.
2. Support Zone: The $1.820 - $1.830 range is crucial. If buyers step in here, a rebound could take us higher.
3. Bearish Momentum: Be cautious of further downside, but a bounce at support could lead to higher targets.
Watch for a confirmation of support around $1.820. If the price holds, a recovery toward $1.880 or more could be on the cards! Stick to your plan, trade smart, and manage your risk.
🚀 Will $WLD rebound, or will the bears continue their control? Stay tuned and ready to act!
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