🚀 $WAL is showing a potential technical setup!

The weekly chart for WAL/USDT displays a strong recovery bounce following an extended downward impulse, currently testing key Fibonacci levels near the local range highs.

📈 The Technical Setup:
• The Pattern: Macro range consolidation and potential double bottom recovery
• Short-term Target: 0.04016
• Macro Objective: 0.05920
• Market Structure: Reversal from macro lows

🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.02844 - 0.03095
• Resistance: 0.04016
• Breakout Level: 0.03739
• Stop Loss / Invalidation: 0.02844

📊 Confirmation:
• Volume: Neutral/standard volume on recent green candles
• Momentum: Bullish recovery candles forming off the lows
• Trend: Attempting a macro trend reversal following a sharp decline

⚠️ Invalidation:
A weekly close below the 0.02844 support level would invalidate this recovery setup.

WAL is attempting a recovery bounce from macro lows, key resistance needs to be cleared for confirmation.

💎 Creator: NOUMAN_DON (@NOUMAN_DON)

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