$WAL USDT Bounce Off Support Watching for Continuation
WAL is holding right at its support zone near $0.0375, after tapping a high of $0.039 earlier in the session. Price pulled back to retest support and is showing signs of holding here.
2H timeframe
Support has held on this retest, with price stabilizing just above $0.0375. The prior move from this same zone ran hard, up toward $0.039 before cooling off. If support continues to hold, this sets up for another push back toward that recent high and potentially beyond it.
Support: $0.0375
Resistance (recent high): $0.0390
Current price: $0.03754
24h range: $0.03565 to $0.03896
A hold at support after a strong prior rally often sets up a retest of the recent high. The thesis here is a bounce from current levels back toward $0.039 with a break above that level opening more room higher.
A clean break below $0.0375 support would undercut this setup and point toward a retest of lower levels instead.
This is a supporthold thesis, not a guarantee. Confirm the bounce is holding before sizing in, and manage risk below support.
#WAL
WAL is holding right at its support zone near $0.0375, after tapping a high of $0.039 earlier in the session. Price pulled back to retest support and is showing signs of holding here.
2H timeframe
Support has held on this retest, with price stabilizing just above $0.0375. The prior move from this same zone ran hard, up toward $0.039 before cooling off. If support continues to hold, this sets up for another push back toward that recent high and potentially beyond it.
Support: $0.0375
Resistance (recent high): $0.0390
Current price: $0.03754
24h range: $0.03565 to $0.03896
A hold at support after a strong prior rally often sets up a retest of the recent high. The thesis here is a bounce from current levels back toward $0.039 with a break above that level opening more room higher.
A clean break below $0.0375 support would undercut this setup and point toward a retest of lower levels instead.
This is a supporthold thesis, not a guarantee. Confirm the bounce is holding before sizing in, and manage risk below support.
#WAL