Crypto Martians

🔻 Short Trade Setup
#coaiusdt

Type: Short (mean reversion play)

Entry Zone: $6.60 – $6.70 (near resistance and top wick rejection)

Stop-Loss: $6.92 (above previous swing high)

Target Profits:

TP1: $6.00 (minor support)
TP2: $5.40 (strong support from previous breakout zone)
TP3: $4.80 (deep correction zone if selling pressure continues)

Risk–Reward Ratio:

From $6.65 entry →

TP1 = 1:2
TP2 = 1:3.5
TP3 = 1:5

📊 Trade Logic

After a strong rally, price tends to retest previous breakout supports as traders take profit.

Candles show smaller body sizes near top → momentum weakening.

RSI likely overbought (typical in parabolic tops).

✅ Probability of Profit

Short-term correction (TP1): ~75%

Deeper retracement (TP2–TP3): ~55–60%, depending on market sentiment and funding rate cooling.

🧠 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).

🐋 What Is Walrus (WAL)?

Walrus (token symbol WAL) is the native token of the Walrus protocol, a decentralized storage network built on the Sui blockchain. Its goal is to provide scalable, cost-efficient, and programmable storage of large, unstructured data (videos, images, audio, etc.), with stronger resilience and smart-contract programmability.

⚙️ Key Features

Storage Payments: Users pay with WAL to store data for fixed durations; payments are distributed over time to storage nodes and stakers. This helps stabilize storage costs in fiat terms beyond volatile token prices.

Tokenomics & Distribution: Max supply is 5 billion WAL, with about 1.25 billion initially circulating. Over 60% of the tokens are allocated to the community (airdrops, subsidies, reserves) to drive adoption and growth. Core contributors, investors, and early adopters have vesting schedules.

Governance & Security: WAL holders can stake or delegate to nodes; nodes are rewarded for correct behavior and penalized (via slashing) for misbehavior. Governance allows token holders to vote on protocol parameters.

Technical Innovations: Walrus uses a storage solution called RedStuff, a 2D erasure coding protocol that offers a replication factor much lower than full replication but still strong security and efficient recovery even under node failures.

📈 Market Data

As of now, market cap sits in the several hundreds of millions USD and it’s ranked around 120-130 on major listing sites. Circulating supply is ~1.4 billion WAL of 5B total.

WAL is listed on multiple exchanges; it’s available for purchase with fiat via platforms like Crypto.com.

Community engagement seems strong, especially via airdrops, staking incentives, and ecosystem partnerships.

🔍 Risks & Considerations

A large portion of tokens are not yet unlocked (vesting schedules). This means there could be supply pressure in the future.
As a newer project, it still must prove long-term stability: reliability of storage over time, economic sustainability for node operators, and how well demand for storage

🧠 Chart Analysis

Current Price: $6.33
Recent High: $6.89

Pattern: Parabolic breakout with consolidation — the asset recently made a vertical rally after long accumulation between $0.13–$1.00, indicating strong momentum and volume influx.

Structure: After each surge, minor pullbacks formed higher lows — signaling strong trend continuation.

🎯 Trade Setup

Type: Long (trend continuation)

Entry: Around $6.20–$6.35

Stop-Loss: Below $5.40 (under last support zone and breakout base)

Target Profit(s):

TP1: $6.90 (previous high)

TP2: $7.80 (measured move target based on breakout leg)

TP3: $8.50+ (extension if momentum continues)

Risk-Reward Ratio: ≈ 1:2.5 to 1:3

📊 Probability of Success

Given the strong uptrend, rising volume, and continuation pattern, the probability of hitting TP1–TP2 is around 70–75%, assuming momentum sustains and Bitcoin remains stable.