🚨
$WAL Trade Breakdown — Read the Chart, Not the Hype 🚨
This is just price doing what price does 📉📊.
$WAL already bounced hard from $0.115, but now it’s pressing into a heavy resistance wall at $0.147–$0.150. Multiple candles are stalling here, long upper wicks, no clean acceptance — sellers are clearly active in this zone ⚠️.
Yes, there was a spike to $0.1709, but the fast rejection tells the real story. That wick signals exhaustion, not strength. Momentum cooled immediately, price is chopping below resistance, and negative funding suggests longs are getting crowded 🐂➡️⚠️.
With today’s range already stretched over 21%, a pullback would be normal. If resistance doesn’t flip into support, the chart naturally points toward $0.137, aligning with prior consolidation and a key support zone 🧱.
📉 Trade Idea (Short):
• Sell Zone: 0.1470 – 0.1500
• Target: 0.1370
• Invalidation / SL: Above 0.1599 🛑
⚠️ Context matters: Binance Square campaign is live, attention is high, and narratives are still warm 🔥. So this isn’t about calling a crash — more likely a controlled pullback, a reset, maybe a shakeout before the next leg if the broader market stays supportive.
As always: not financial advice. Read the chart yourself, manage risk, and don’t marry the trade 🧠🤝. Sometimes the real edge is knowing when to step back.
DYOR.
#WAL #cryptotrading #altcoins #priceaction #MarketUpdate