For $WLD ’s current trend, we need to conduct an in-depth technical review. This will be of great help for everyone’s future trading.

First is the alignment of the moving averages. When opening a short at 0.3511, MA5 had already crossed below MA10, forming a short-term death cross resonance. Meanwhile, the price was extremely far from MA20, indicating a strong need for mean reversion.

Second is volume confirmation. During the decline, volume and momentum expanded moderately. This shows that the main forces are really distributing, not a wave of panic selling by retail traders.

The most critical is the MACD indicator. On the 4-hour timeframe, the DIF line is positioned at a high level above the zero line with a death cross, and the green histogram bars have started to expand rapidly.

This combination of a “high-level death cross + exploding histogram” often signals that the main sell-off wave is about to arrive.

We are holding short positions now, not because we predicted the absolute bottom, but because the trend is still moving downward.

As long as the price stays below the 0.3350 integer level, the bears will have absolute advantage.

Everyone can pay more attention to the support strength around 0.3173, the 24H low. If it is effectively broken, the next stop will be the 0.3000 integer psychological level.

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