$WAL Technical analysis of WALRUSD (4H chart)
1. Structure & trend
Price was in a clear ascending channel / uptrend (green trendline).
That trendline has been decisively broken to the downside, which signals trend exhaustion and bearish reversal on the 4H timeframe.
2. Momentum
After the breakdown, price printed strong bearish candles, showing sellers in control.
The current move looks like a pullback / consolidation after a dump, not a confirmed reversal yet.
3. Key levels
Immediate support: 0.120 – 0.118
This zone is holding price for now. A clean break below increases downside risk.
Major support: 0.110 – 0.105
Likely target if 0.118 fails.
Resistance: 0.135 – 0.140
Former structure + breakdown area.
Strong resistance: 0.155 – 0.160
Previous highs and origin of the sell-off.
4. Bias & scenarios
Bearish bias below 0.135
As long as price stays under the broken trendline, rallies are likely sell-the-rip.
Bullish recovery only if:
Price reclaims 0.140 and holds above it on 4H close.
Ideally with higher highs & higher lows structure.
5. Trade idea (educational)
Bearish continuation:
Rejection near 0.135–0.140 → targets 0.120 then 0.110
Invalidation:
Strong 4H close above 0.145
6. Overall conclusion
The chart shows a confirmed uptrend break.
Market is currently weak and corrective, not yet showing reversal signals.
Caution for longs until structure is reclaimed; bears still have control.
If you want, I can also:
Mark Fibonacci levels
Do short-term scalp vs swing outlook
Add RSI / EMA confirmation
