$WAL Sellers Are Still In Control
SHORT TRADE SETUP
Current Bias: Bearish
Next Target: $0.055
Support Zone: $0.054–$0.055
Lower Target Zone: $0.047–$0.050
Resistance: $0.062–$0.064
WAL is struggling to regain strength after its recent rally, with sellers continuing to defend the $0.062–$0.064 resistance area.
For now, the structure still favors a downside move unless buyers manage to reclaim that zone. A decisive break below $0.054 could open the door to another leg lower toward $0.050 and potentially $0.047.
I would watch the $0.054–$0.055 area closely for the next major reaction.
Will WAL continue its correction, or can buyers finally take back control?
SHORT TRADE SETUP
Current Bias: Bearish
Next Target: $0.055
Support Zone: $0.054–$0.055
Lower Target Zone: $0.047–$0.050
Resistance: $0.062–$0.064
WAL is struggling to regain strength after its recent rally, with sellers continuing to defend the $0.062–$0.064 resistance area.
For now, the structure still favors a downside move unless buyers manage to reclaim that zone. A decisive break below $0.054 could open the door to another leg lower toward $0.050 and potentially $0.047.
I would watch the $0.054–$0.055 area closely for the next major reaction.
Will WAL continue its correction, or can buyers finally take back control?