1. Daily Timeframe Overview
On the daily chart, WALRUSD shows a clear loss of bullish momentum after failing to sustain its previous upward move. The daily structure is more important than lower timeframes because it reflects institutional sentiment and medium-term direction.
Currently, the market is transitioning from bullish recovery to bearish correction.
2. Higher Timeframe Structure
From a daily perspective, WALRUSD experienced:
A recovery phase from previous lows
Formation of higher lows
An attempt to establish a new bullish trend
However, price failed to hold above key structure levels, indicating that the move was corrective rather than a strong trend reversal.
This suggests the market is still operating within a larger bearish environment.
3. Trendline & Structure Failure
The daily uptrend attempt was invalidated when:
Price lost momentum near the highs
Strong daily bearish candles appeared
The structure shifted from higher highs → lower highs
Once daily structure breaks, it often leads to multi-day or multi-week pullbacks.
This aligns with the breakdown seen earlier on the 4H timeframe.
4. Candlestick Behavior (Daily)
Recent daily candles show:
Long bearish bodies
Weak bullish follow-through
Rejections from higher prices
This reflects:
Distribution at higher levels
Sellers absorbing buy pressure
Lack of strong demand
Such candles usually appear before extended downside continuation.
5. Key Daily Support & Resistance
Major Daily Support Zones
0.118 – 0.115
Critical daily demand zone
A daily close below this level confirms bearish continuation
0.105 – 0.100
Strong historical support
Psychological round number
Likely medium-term downside target
Major Daily Resistance Zones
0.140 – 0.145
Daily structure resistance
Previous support turned resistance
Price must reclaim this zone to shift bias
0.155 – 0.165
Strong daily supply zone
Origin of the last sell-off
Bullish only above this region
6. Trend Bias (Daily)
Primary trend: Bearish
Market phase: Correction within a larger downtrend
Sentiment: Sellers control rallies
Daily bias remains bearish below 0.145.
7. Daily Scenarios
Scenario 1: Bearish Continuation (Most Likely)
Daily close below 0.118
Accelerated selling pressure
Targets:
0.110
0.100
Scenario 2: Range Consolidation
Price holds between 0.118 and 0.140
Sideways movement for several days
Breakout decides next direction
Scenario 3: Trend Reversal (Low Probability)
Requires:
Strong daily close above 0.145
Follow-through buying
Formation of higher daily low
Without this, any bounce is just a pullback.
8. Trading Psychology (Daily)
Long traders are trapped above resistance
Panic selling may increase below support
Smart money typically sells into relief rallies
This environment favors patience and confirmation, not aggressive entries.
9. Risk Management Perspective
Avoid emotional trades near support
Let daily candle closes confirm direction
Respect higher-timeframe bias
Do not over-leverage during high volatility
10. Final Daily Conclusion
On the 1-Day timeframe, WALRUSD:
Failed to establish a sustainable uptrend
Broke daily structure
Shows strong signs of bearish continuation
Until price reclaims 0.145 and holds above it, the daily outlook remains bearish, and rallies should be treated as corrective moves rather than trend reversals.
