I’m looking at $WAL /USDT on the 15m chart, and price is sitting around 0.0351 after bouncing from the visible 0.0349 low. For me, this is still a cautious setup because price is below the MA(25) at 0.0354, while MA(7) is around current price.
I’d like to see price hold 0.0350–0.0351 and push back through 0.0353. That would make the setup more interesting, especially if momentum continues toward the visible MA(25) area.
The main resistance I’m watching is 0.0353–0.0354. Above that, 0.0356 is the next visible level on the chart. If price loses the recent 0.0349 low, the setup becomes much less attractive.
📍 Entry: 0.0350–0.0351
🎯 TP1: 0.0353
🎯 TP2: 0.0354
🎯 TP3: 0.0356
🛑 Invalidation: 0.0349
If price loses 0.0349, I’d step away from this setup because that would break the recent visible support area.
For me, the cleanest confirmation is a hold above the current area followed by a reclaim of 0.0353. I’m waiting for that confirmation rather than assuming the bounce will continue.
I’d like to see price hold 0.0350–0.0351 and push back through 0.0353. That would make the setup more interesting, especially if momentum continues toward the visible MA(25) area.
The main resistance I’m watching is 0.0353–0.0354. Above that, 0.0356 is the next visible level on the chart. If price loses the recent 0.0349 low, the setup becomes much less attractive.
📍 Entry: 0.0350–0.0351
🎯 TP1: 0.0353
🎯 TP2: 0.0354
🎯 TP3: 0.0356
🛑 Invalidation: 0.0349
If price loses 0.0349, I’d step away from this setup because that would break the recent visible support area.
For me, the cleanest confirmation is a hold above the current area followed by a reclaim of 0.0353. I’m waiting for that confirmation rather than assuming the bounce will continue.
