
Post
๐จ ๐ฆ๐๐ข๐ฅ๐ง ๐๐น๐ฒ๐ฟ๐ ๐ผ๐ป $๐ช๐๐
Trend shows a persistent bearish breakdown, with the price failing to find support and remaining firmly trapped below the descending EMA cluster. Full breakdown below ๐งต๐
๐ Direction: SHORT | Asset: WAL/USDT
๐ฏ Entry: 0.04800 โ 0.04850 (on failed reclaim of EMA9)
๐ SL: Above 0.04950 structure
๐ฐ TP1: 0.04600
๐ฐ TP2: 0.04400
โ๏ธ R/R: Approx. 2.7R
๐ Score: 80/100
๐ The_Pro Breakdown
HTF POI: 0.04863 (EMA9), 0.04910 (EMA21), and 0.05160 (EMA99) serving as significant overhead resistance.
LTF Confirm: Price is trading at 0.04808, below all monitored EMAs. MACD is in a bearish state with the DIF (-0.00052) below the DEA (-0.00043), and RSI at 36.05 signals continued downward pressure.
Entry Zone: 0.04800 โ 0.04850 range, seeking rejection at the EMA cluster to continue the downtrend.
Target Liquidity: Initial move toward the 0.04778 low, with potential for further downside if bearish momentum sustains.
๐ง Let the chart speak
โ ๏ธ DISCLAIMER: Market structure analysis onlyโnot financial advice or a signal. Setups are time-sensitive and may become invalid within 1 hour due to rapid price movement.
$WAL

Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!