Is it just me or is $WLD ‌ starting to look like a ticking time bomb for the bears?

We just saw a solid bounce off that zero point three five area and now it is sitting right at zero point three eight. There is a lot of selling pressure near zero point four zero based on those recent wicks but the buyers are clearly stepping in every time it dips.
The order book is leaning heavily toward the buy side right now which is interesting. If we can flip zero point four zero into support we might actually see a fast move toward zero point four five.
I am not entering just yet because it needs to prove it can hold this higher low. If it breaks back down then the whole move was just a fake out.

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