$WAL has been stuck in a bearish consolidation phase recently, but I’m starting to notice early signs of a potential short-term rebound. Overall, I’m cautiously bullish here—this looks more like a dip-buy opportunity rather than a full trend reversal.
📊 Volume Insight
The recent downside moves were backed by strong sell volume, including a notable ~4M spike during the breakdown below 0.136, confirming sellers still have control. However, the bounce attempts are coming with declining volume, which suggests buyers aren’t fully confident yet.
💰 Capital Flow Analysis
Short-term (15–30 min): Net inflows of +9k to +10k contracts, hinting at speculative long interest.
Mid-term (1–2 hours): Flips to outflows of -17k to -19k, showing hesitation from larger players.
Spot market: Persistent selling pressure (-5.2k to -8.5k over 4–6 hours), likely retail distribution.
📌 Long Setup – $WALUSDT (Perp)
Preferred Long Entries:
Primary: 0.1340 – 0.1350
Confluence of horizontal support + lower Bollinger BandConfirmation Entry:
Break and hold above 0.1387 with volume > 3M
🛑 Stop-Loss:
Around 0.1295 USDT (~3.5% risk), placed below key support and accounting for ATR volatility
🎯 Targets:
TP1 (Conservative): 0.1411
TP2 (Aggressive): 0.1435
🔎 Why This Setup Makes Sense
Price is below MA20 and down ~5% in the last 24h, keeping the broader trend bearish
RSI near 40, approaching oversold territory
Price tagged the lower Bollinger Band, often a bounce zone
0.1339 support held twice, forming a potential hourly double bottom
Short-term contract inflows suggest a possible relief bounce
⚠️ Invalidation
If 0.1339 breaks, the long idea is invalid. In that case, price could slide toward 0.1315 fairly quickly.
Current Price: 0.1363
24h Change: -4.95%
This is a counter-trend trade, so risk management is key. Curious to hear—anyone else spotting the same bounce setup here?
#WAL #WALUSDT #Walrus 🦭 @Walrus
