$WAL /USDT – Testing Critical Support After Token Unlock
Guy's check $WAL price action... the token unlock pressure has driven a sharp correction, now testing immediate support!
WAL is currently trading around 0.1353 after a massive -17.65% drop in the last 24 hours, hitting a low of 0.1349. This steep decline appears directly correlated with the recently scheduled token unlock event (approximately 32.7M WAL entering circulation). Volume remains elevated at 13.47M WAL as the market digests the supply shock. The 0.1340 - 0.1350 zone is a critical, immediate support level; holding here could signal a short-term bounce as initial selling pressure subsides.
Trade Plan (Long - Aggressive Scalp)
Entry Zone: 0.1345 – 0.1360
TP1: 0.1420
TP2: 0.1480
TP3: 0.1550
SL: Below 0.1300
Momentum is heavily bearish in the short term, but if buyers step in at the 24h low, we could see a quick reversal. This is a high-risk scalp play. If the 0.1300 structural support fails, expect fast continuation to the downside. Always use proper risk management!
