The odd part of this $WAL chart: a 58% day that broke structure at 0.05499 and still left the wick at 0.06294 as the high, meaning the last buyers there are already under water. BOS above 0.05499 came with real displacement, so the breakout level is the line that matters now. Pullback into 0.05499 is the test: defended bids there keep the impulsive leg intact and put open price discovery back in play. Lose it and the trade gives back most of the expansion, with 0.04888 as the level where the bullish read is simply wrong. Anyone still holding from the wick is watching a 5% drawdown become something much worse if 0.05499 does not hold on the retest. Are you treating 0.05499 as support or as the spot that traps the late longs? More charts like this land in the group daily, bio has the details. #Altcoin Season#