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WAL shows a bullish trend across multiple timeframes, but the significant decline in trading volume is a risk signal that warrants attention.
From a technical perspective, the 1-hour chart RSI has already surged to 76, entering the overbought zone, and the MACD histogram remains strong; the 4-hour chart RSI is at 68 with a clear upward trend; the 15-minute chart RSI has fallen back to 62, indicating a short-term consolidation. The current issue is—trading volume has decreased by 84.3% week-on-week, which means the upward momentum is weakening. To continue breaking higher, volume support is necessary.
【Key Price Levels】
Current support at 0.15, resistance at 0.155 and 0.16
Watch below at 0.145 to 0.14
【Trading Strategy】
If the price breaks above 0.152, it’s a bullish signal, targeting around 0.158, with a stop-loss at 0.148.
If it falls below 0.145, the trend reverses, turning bearish, with a target of 0.14 and a stop-loss at 0.148.
In the range between 0.145 and 0.152, if there are no clear signals, it’s recommended to stay on the sidelines or take a very small position. Once it breaks below 0.145, stop-loss is necessary.
My personal judgment is that **waiting and watching** is the safest. Instead of chasing small gains, it’s better to wait for volume to recover and for technical breakouts or a full retracement before entering. This way, you won’t miss out on major moves and can avoid false breakouts caused by insufficient volume. Risk management always comes first.