š¢ $WMT / $USDT | š“ SHORT | ā 68.2%
šÆ Goal: $102.23. Is it still falling?
šÆ Trading levels:
š¢ Entry: $103.14
š Stop Loss: $103.69
š TP1: $102.23
š TP2: $102.05
š TP3: $101.68
š Analysis:
The market structure in $WMT shows a consolidated bearish alignment across all timeframes, with an ADX of 22.04 confirming the persistence of the trend. Despite reversal patterns on smaller timeframes, selling pressure remains dominant, with an OBV (on-balance volume) indicator falling and price trading below the EMA20 and EMA50 moving averages. The value is operating near the POC (point of highest traded volume) at $103.02, a key level where we expect a breakout to extend the bearish move.
āļø Risk/Reward: 1:1.65
ā±ļø Timeframe: 1h
š Technical Confidence: 4/5
The bearish thesis is invalidated if the price manages to consolidate above $103.69, a zone that would negate the structure of lower lows. We will closely monitor volume behavior, since a lack of buyer interest in the current support zone will confirm the continuation toward the final target.
Do you think the current selling pressure is enough to break through the $103.02 support?
š” This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #WMT #trading #Futures #Bearish
šÆ Goal: $102.23. Is it still falling?
šÆ Trading levels:
š¢ Entry: $103.14
š Stop Loss: $103.69
š TP1: $102.23
š TP2: $102.05
š TP3: $101.68
š Analysis:
The market structure in $WMT shows a consolidated bearish alignment across all timeframes, with an ADX of 22.04 confirming the persistence of the trend. Despite reversal patterns on smaller timeframes, selling pressure remains dominant, with an OBV (on-balance volume) indicator falling and price trading below the EMA20 and EMA50 moving averages. The value is operating near the POC (point of highest traded volume) at $103.02, a key level where we expect a breakout to extend the bearish move.
āļø Risk/Reward: 1:1.65
ā±ļø Timeframe: 1h
š Technical Confidence: 4/5
The bearish thesis is invalidated if the price manages to consolidate above $103.69, a zone that would negate the structure of lower lows. We will closely monitor volume behavior, since a lack of buyer interest in the current support zone will confirm the continuation toward the final target.
Do you think the current selling pressure is enough to break through the $103.02 support?
š” This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #WMT #trading #Futures #Bearish
