#walrus $WAL WALUSDT Perpetual – Daily (1D) Trade Analysis
I’ll explain this chart clearly from a trading perspective (trend → pattern → levels → scenarios).
1️⃣ Higher-Timeframe Trend
WALUSDT has been in a macro downtrend since the July–August top.
Series of lower highs + lower lows → bears fully in control.
The big impulsive dump around October confirms trend continuation, not just a pullback.
➡️ Primary bias: Bearish (until proven otherwise).
2️⃣ Chart Pattern: Descending Triangle (Late Stage)
What you’ve drawn is very important 👇
Descending resistance (upper green line)
→ sellers step in at lower prices each time.
Flat / slightly rising support (lower green line)
→ buyers defending one key area.
📌 This forms a descending triangle, which is:
Bearish by nature
Especially dangerous after a long downtrend
⚠️ Price is currently near the apex → big move coming soon.
3️⃣ Key Price Levels
🔴 Major Resistance
0.135 – 0.150 → Triangle resistance + breakdown zone
0.18 – 0.20 → Trend invalidation (only if reclaimed)
🟢 Critical Support
0.115 – 0.120 → Current base
0.10 psychological level
0.085 – 0.080 → Next major demand if breakdown occurs
4️⃣ Volume Analysis
Volume is contracting as price compresses.
This is classic pre-breakout / pre-breakdown behavior.
📌 Low volume + triangle = volatility expansion incoming
5️⃣ Trade Scenarios (Most Important Part)
🔴 Scenario A: Bearish Breakdown (Higher Probability)
Confirmation:
Daily close below 0.115
Volume expansion on the breakdown
📉 Targets:
0.10
0.085
0.070 (if panic selling)
🛑 Invalidation:
Daily close back above 0.135
🟢 Scenario B: Bullish Breakout (Lower Probability, But Tradable)
Needs:
Strong daily close above descending trendline
Volume spike (must)
📈 Targets:
0.15
0.18
0.22 (only if market sentiment flips)
⚠️ Without volume, breakout = fakeout.