$WAL $WALUSDT$ is trading at $0.0773 after a clear intraday downtrend from the $0.0804$ high. The structure on the 15m timeframe shows consistent lower highs and lower lows, confirming short-term bearish control. The bounce from $0.0769$ is corrective, not impulsive. Buyers reacted at the session low, but the recovery lacks follow-through strength and is currently stalling below minor intraday resistance.
The key liquidity pool sits below $0.0769$. That level has already been tapped once, and weak rebounds after liquidity sweeps often lead to a second breakdown attempt. On the upside, $0.0783$–$0.0790$ is a supply zone where previous breakdown acceleration started. Until price reclaims and holds above that region, the structure favors continuation to the downside.
Momentum remains soft. The selloff from $0.0804$ was aggressive and orderly, showing sustained distribution. The recent green candle is a reaction, not a reversal. No structural higher high has been formed.
Bias: Bearish continuation toward lower liquidity.
EP (Entry Price): $0.0774$–$0.0778$
TP1: $0.0769$
TP2: $0.0762$
TP3: $0.0755$
SL: $0.0792$
Current trend strength is bearish with a clear sequence of lower highs and sustained selling pressure from $0.0804$.
Momentum and structure bias remain negative as price fails to reclaim the $0.0783$ resistance zone.
Liquidity sits below $0.0769$, and repeated weakness near resistance increases the probability of price expanding lower toward $0.0762$ and $0.0755$.
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