$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 level fails to flip into support, the chart naturally points back toward the $0.137 area, which lines up nicely with the prior consolidation and that blue support zone.
So yeah == SELL between $0.1470–$0.1500, aiming for $0.1370 as the first real reaction level.Invalidation is simple: if price accepts above resistance, you’re wrong. SL above $0.1599 and move on.
That said… let’s be real for a second. Binance Square campaign is live, attention is high, and narratives are still warm. So no, I’m not expecting some brutal straight-line dump. More like a controlled pullback, a reset, maybe a shake before the next leg if the broader market stays friendly.
As always -- not financial advice. Read the chart yourself, manage risk, don’t marry the trade. Sometimes the best edge is just knowing when to step back.
