Market Context: WLD is consolidating within a significant zone, presenting an ideal opportunity to ladder into a long spot trade for potential upside gains.
Trade Details:
Entry Zone: Ladder between $2.50 and $3.50. Take Profit Targets: First target: $4.50 - $6.00 Second target: $9.00 - $10.50 Stop Loss: Set just below $2.25.
This trade aims to capture a breakout from the consolidation zone, leveraging the support level for a favorable risk-to-reward setup.