$WAL has already bounced pretty hard off the $0.115 zone, and now it’s walking straight into a thick ceiling around $0.147–$0.150. You can see it on the chart… multiple candles stalling there, wicks poking up, but no clean acceptance above. Sellers are clearly hanging out in that zone, waiting.
There was that sharp push to $0.1709, sure -- but notice how fast it got slapped back down. That kind of wick usually isn’t strength, it’s rejection. Momentum slowed right after, and now price is chopping just under resistance with negative funding, which tells you longs are starting to get a bit crowded.
The range today is already wide, over 21%, which means a pullback wouldn’t be surprising at all. If this
