🧠 Chart Analysis

Current Price: $0.3616

Recent Range: $0.35 – $0.40

Trend: Sideways to bearish after long downtrend from $0.86

Pattern: Double bottom / accumulation zone forming near strong horizontal support around $0.34–$0.35

Volume has flattened, suggesting potential bottom-building before reversal.

🎯 Trade Setup (Swing Trade Idea)

Type: Long (reversal play)

Entry Zone: $0.355 – $0.365

Stop-Loss: $0.328 (below key support and wick lows)

Target Profits:

TP1: $0.405 (recent resistance)

TP2: $0.465 (mid-range resistance)

TP3: $0.520 (trendline breakout target)

Risk–Reward Ratio: ≈ 1:2.8 (good balance between risk and potential gain)

📊 Trade Logic

Price has tested the $0.35 support multiple times, rejecting lower levels — a sign of accumulation.

If WAL breaks above $0.40 with volume, it confirms a short-term bullish reversal.

RSI likely oversold, hinting at a relief bounce.

✅ Probability of Profit

Short-term bounce (TP1): ~70%

Breakout continuation (TP2–TP3): ~50–55%, depending on market sentiment (especially BTC trend).