$WLD Market Update
Long Liquidation: $50.5K at $2.333
Major liquidation suggests increased selling pressure, potentially leading to further downside.
Buy Zone
Entry Range: $2.20 to $2.30
Look for stabilization or signs of bullish reversal in this range before entering.
Target Levels
1. First Target (T1): $2.50 (Quick bounce if trend shifts)
2. Second Target (T2): $2.70 (Strong bullish momentum if confirmed)
Stop Loss
Stop Loss: $2.10
Protects against further downside if price breaks below support.
Key Observations
Volume: High selling volume signals potential for a deeper pullback.
Trend Confirmation: A close above $2.40 indicates a possible trend reversal.
Market News: Monitor news or developments related to $WLD for any price-moving catalysts.
Risk-Reward Plan
Stick to a 1:2 risk-reward ratio to maintain a balanced risk approach.
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