Trade Watch: $WAL (Walrus Protocol)
Let’s zoom in on what WAL is doing right now and why traders are keeping one eye on it 👀
📊 Price Snapshot
WAL is hovering in the $0.13–$0.14 zone, moving messy and volatile. Momentum has clearly cooled off, with price sitting below key moving averages, which keeps the broader bias bearish.
That said… RSI is stretched to the downside, and that’s where things get interesting for short-term players.
📉 Technical Structure
📌 Below major SMAs → trend still weak in the short/medium term
📌 RSI near oversold → bounce potential if buyers step in
📌 Support band: ~$0.087–$0.080
📌 Resistance pocket: ~$0.095–$0.100
This is classic “knife-edge” territory — risky, but tradable with discipline.
🟡 Context Check
$WAL previously enjoyed heavy volume thanks to exchange-related hype and campaigns, but once the excitement faded, profit-taking + thin liquidity kept price capped.
Now we’re left with a cooling market — which is exactly where scalpers and bounce-hunters start sharpening their tools.
📈 Short-Term Trade Idea (Scalp / Swing)
🔥 Potential Entry Zone:
• $0.087–$0.095 → demand area + oversold conditions
🎯 Upside Targets:
• $0.095–$0.105 → first rejection zone
• $0.105–$0.115 → only if volume + momentum return
🛑 Invalidation / Stop:
• Below $0.080 → bounce thesis fails, step aside
📌 Trade Logic
✔ Oversold RSI = possible relief bounce
✔ Tight range = controllable risk
✔ Volatile asset = quick moves for active traders
This is not a marry-the-bag setup — it’s a hit-and-run style trade.
💬 Trader Wisdom $WAL bleeding red, but oversold zones are like late-night street food — risky, spicy, but sometimes worth it 🌮😂
Trade smart, cut fast, protect capital. Warriors survive by discipline, not hope ⚔️📉
#WAL #WallStreetNews #Binance #RiskAssetsMarketShock #MarketCorrection
