$WAL  /USDT Poised for Deeper Correction Below 0.20
The 1D chart for 
$WAL /USDT confirms sustained downside momentum, with price down 4.26% to 0.2091 USDT—now trading below all key EMAs: EMA7 (0.2082), EMA25 (0.2102), and EMA99 (0.2144). A clear lower high at 0.2153 formed after rejection from the descending purple trendline, followed by a sharp red candle cascade on elevated volume (23.09M WAL traded). The latest green candle at 0.2043 shows weak buying on low volume (4.93M USDT), failing to reclaim EMA7, signaling distribution and bear trap potential. RSI (not shown) likely cooling from overbought post-listing, reinforcing bearish control.
**Trade Setup (Short Bias):**
- **Entry Range:** 0.2080 - 0.2100 (retest of EMA7/EMA25 zone as resistance)
- **Target 1:** 0.2040 (recent swing low)
- **Target 2:** 0.1980 (24h low retest, ~5% drop)
- **Target 3:** 0.1900 (major support, ~9% downside)
- **Stop Loss (SL):** 0.2160 (above EMA99 to protect against reversal)
**Short Outlook:** 
$WAL  remains in a post-listing correction phase with weak hands exiting. A break below 0.1980 opens the path to 0.17–0.18 by late November if BTC stays below 68K. Bulls need volume-backed close above 0.2144 and EMA99 flip to signal reversal—until then, bears dominate. High volatility; risk-managed shorts favored.
#WAL  #CryptoTA #Bearish $WAL