$WAL /USDT — Expert Trade Breakdown for Binance Square
Market Snapshot
WAL is trading around 0.1277 after a strong intraday sell-off. Price has moved from the 0.141 area down to a fresh local low near 0.1272, showing clear bearish momentum on the 1H timeframe. Volume expanded on red candles, confirming distribution rather than a healthy pullback.
Technical Structure
The trend remains bearish with consistent lower highs and lower lows. Price is trading below short-term moving averages, and previous support zones are failing to hold. The current area is acting as a weak bounce zone, not a confirmed reversal base.
Key Levels
Immediate Support: 0.1270 – 0.1255
Major Support: 0.1220
Immediate Resistance: 0.1325
Major Resistance: 0.1385
Trade Position
Primary Bias: Short (trend-following)
Short Entry Zone
0.1305 – 0.1330
This zone aligns with minor resistance and potential liquidity grab before continuation.
Stop Loss
0.1395
Invalidates the bearish structure if broken.
Targets
Target 1: 0.1270
Target 2: 0.1240
Target 3: 0.1215
Risk-to-reward is favorable, especially if price rejects the 0.132–0.133 zone with weak volume.
Alternative Scenario
If WAL holds above 0.1255 and forms a strong bullish engulfing candle on the 1H with volume confirmation, shorts should be cautious. In that case, a short-term relief bounce toward 0.135–0.138 is possible, but trend bias remains bearish unless 0.139 is reclaimed and held
