$WAL /USDT — High-Conviction Setup for Binance Square
Market Overview
WAL continues to trade under heavy selling pressure after losing the 0.135 structure. The recent push down to the 0.127 zone shows sellers are still in control, and buyers are reacting late. The market is currently in a continuation phase rather than a reversal phase.
Price Action Insight
The 1H chart shows a classic bearish staircase pattern. Each bounce is weaker than the previous one, and candles are closing near their lows. This signals aggressive supply entering the market on every minor recovery. Volume remains supportive of downside continuation.
Critical Levels
Intraday Support: 0.1270
Breakdown Support: 0.1245
Deep Support: 0.1200
Intraday Resistance: 0.1315
Supply Zone: 0.1340 – 0.1360
Trade Position
Preferred Setup: Short on pullback
Entry Zone
0.1310 – 0.1340
Wait for price to enter this zone and show rejection or exhaustion.
Stop Loss
0.1378
A clean break above this level invalidates the setup.
Profit Targets
Target 1: 0.1265
Target 2: 0.1235
Target 3: 0.1200
Partial profits are recommended at each target to lock in gains while allowing runners to capture extended moves.
Aggressive Alternative
For experienced traders only:
Break-and-retest short below 0.1265 with confirmation.
Stop Loss: 0.1295
Target: 0.1220
