0.0995, at this moment of breaking a new low, the most dangerous thing in the market is not the price, but the sense of 'certainty'.
First, confirm the facts: WAL's current price is 0.0995, which has broken the previous panic low of 0.1055, confirming a new low, rather than just a regular pullback. Many people instinctively draw a conclusion at this moment: it's over, the trend has turned bad.
However, if we only analyze the price behavior, this drop still seems more like an extension of emotion rather than the birth of a new logic. The break happened quickly, but it was not accompanied by a prolonged low-level turnover, indicating that selling pressure remains 'urgent' rather than 'steady'. A true trend decline often involves a gradual compression, repeatedly giving you opportunities to escape.
The key issue is not whether 0.1 has been defended, but whether: 0.0995 will be repeatedly denied by the market. If the price is merely pierced by emotion but fails to establish a consensus on transactions at the new low, it resembles an emotional overreaction; but if it starts to move sideways below 0.1 subsequently, its nature will truly change.
Many people rush to make 'the smartest decision' as soon as they see a new low. However, in trading, the first reaction after a new low is often the one most prone to mistakes. I just noticed my phone battery is only at 12%.
The price has already instilled fear, and what the market will provide next is the real answer.
The above content is only personal analysis and does not constitute any investment advice.
@Walrus 🦭/acc #Walrus $WAL
