🛑$WAL
BEARISH SETUP WITH CLEAR TARGETS AND RISK MANAGEMENT
$WAL has shown strong volatility after tapping the 0.1683 resistance, but the latest rejection indicates buyers are losing momentum. The candle structure on lower timeframes suggests weakening bullish pressure and potential shift toward a correction. Failure to reclaim the upper resistance zone opens room for a downside move toward key support levels.
Trade Setup:
Entry: Short near 0.1640–0.1680 resistance zone
Target 1 (TP1): 0.1500 (first support level)
Target 2 (TP2): 0.1400 (major support zone)
Stop Loss (SL): Above 0.1700 (recent swing high)
Risk Management: Risk only 1–2% of total capital and maintain a minimum 1:2 risk-to-reward ratio to preserve long-term consistency.
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