$WAL has been getting attention lately, and today I want to share a simple view using the SUPER indicator available on Binance Exchange. This is not something complicated, even beginners can understand it if they focus carefully.
Let’s continue with indicators and see how Walrus (WAL) is showing strength to move higher than the current price. Please put your eyes on the cycled regions in the chart.
On the left circle, the market was clearly bullish. But after that, the indicator started to change and give early signal that the price may go down. You can see the red region starting to appear, and it later extended until the blue cycle on the right side.
I decided to draw within this range because I was looking for the intersection point. This point helps to understand where momentum is changing. Always pay attention to new colors on the indicator, because that is where buy or sell decision comes from.
In this case, the left cycle was more suitable for selling, while the right side is showing a possible buying area for WALRUS token, especially after the green region started to show up. If you want to sell using the SUPER indicator, you should wait until the red region appears again.
Buying
$WAL with more confidence at this zone could be a good idea, but always manage your risk.
If you are a beginner, I believe you enjoyed this small summary. It’s simple, straight to the point, and not confusing at all.
#walrus @WalrusProtocol