🚨 $WLD Short Liquidation Alert! 🚨
🔥 $20,797 worth of shorts wiped out at $2.16616! The bulls are flexing their muscles, squeezing out the bears. Is this a sign of an explosive rally, or will the market cool down for a breather? Let’s break it down and plan the next move!
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Market Insights
Price Action: The short liquidation suggests strong bullish momentum.
Market Sentiment: Buyers are in control, but a pullback to support levels might give a better entry.
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Trading Plan
Buy Zone:
Accumulate between $2.10 - $2.15.
(Wait for minor pullbacks to enter with better risk-reward.)
Targets:
1. Target 1: $2.25
2. Target 2: $2.35
3. Final Target: $2.50
Stop Loss:
Place a strict stop loss at $2.05 to manage risk.
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What to Watch For
1. Break Above $2.20: A key signal for further bullish continuation.
2. Support at $2.10: If this level holds, it indicates a strong foundation for upward movement.
3. Volume Surge: Watch for increased buying activity to confirm the rally.
Stick to your strategy, and don’t chase the price. Managing risk is as important as hitting targets. The market is primed for action—get ready to ride the wave! 🚀
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