$WAL The overall market plunged, but it rose against the trend! 🔥
Brothers, today’s market is pretty interesting! ETH fell 2.11%, SNDK dropped 1.23%, and Niu Lai even plunged 5.05%. At a glance, the market is all red, yet WAL still managed to rise 0.71% against the trend. While others are getting hit, it has quietly carved out its own pace.
From the chart, WAL had previously gone through a clear pullback, falling all the way from 0.06774 to around 0.051, before gradually rebounding to around 0.05821 now. As the broader market weakens, it can still hold up and close slightly higher, which does give the short term a bit of an independent move feel.
However, rising against the trend does not mean the trend has reversed. The current price is still hovering near the moving averages, and volume has not increased significantly, which means the bulls still need to show more strength. The key resistance above to watch is 0.060. If it can break through with volume and hold above it, then there will be a chance to continue attacking the 0.067 area later; if it fails to break out for a long time, a retest of support again cannot be ruled out.
The short-term idea leans toward a rebound. Don’t rush to chase higher prices; wait for a pullback to stabilize or a volume breakout before considering an entry. Rising against the trend is the highlight, but whether it can continue is the key!#KOSPI盘中跌6%触发侧车 #HEX创始人RichardHeart在伊斯坦布尔被捕
There is no shortage of opportunities in the market. What is most feared is seeing one red candlestick and rushing in to stand guard.
Brothers, today’s market is pretty interesting! ETH fell 2.11%, SNDK dropped 1.23%, and Niu Lai even plunged 5.05%. At a glance, the market is all red, yet WAL still managed to rise 0.71% against the trend. While others are getting hit, it has quietly carved out its own pace.
From the chart, WAL had previously gone through a clear pullback, falling all the way from 0.06774 to around 0.051, before gradually rebounding to around 0.05821 now. As the broader market weakens, it can still hold up and close slightly higher, which does give the short term a bit of an independent move feel.
However, rising against the trend does not mean the trend has reversed. The current price is still hovering near the moving averages, and volume has not increased significantly, which means the bulls still need to show more strength. The key resistance above to watch is 0.060. If it can break through with volume and hold above it, then there will be a chance to continue attacking the 0.067 area later; if it fails to break out for a long time, a retest of support again cannot be ruled out.
The short-term idea leans toward a rebound. Don’t rush to chase higher prices; wait for a pullback to stabilize or a volume breakout before considering an entry. Rising against the trend is the highlight, but whether it can continue is the key!#KOSPI盘中跌6%触发侧车 #HEX创始人RichardHeart在伊斯坦布尔被捕
There is no shortage of opportunities in the market. What is most feared is seeing one red candlestick and rushing in to stand guard.