The recent movement of $WAL has been quite interesting. The price repeatedly tests around 0.136, while trading volume is increasing, clearly showing a tug-of-war between bulls and bears.

From a technical perspective, the situation is indeed delicate. The long-term MA200 still hangs above as resistance, and the short-term EMA20 and EMA30 are entangled repeatedly, with no clear direction yet. The lower EMAs, EMA60 and EMA120, are both pressing downward, indicating that the rebound space is actually limited. The good news is that the bearish momentum of MACD is weakening, the green bars are shortening, and RSI is approaching the low levels, suggesting that selling pressure is beginning to diminish.

Where is the key now? If the 0.135 level holds, there is a chance for a technical rebound. But if it breaks below, caution is needed to avoid a panic sell-off. The range between 0.138 and 0.14 is the first critical barrier that the bulls must reclaim, and it also serves as a litmus test for subsequent strength or weakness.

Honestly, this is not the place to chase the rally, but rather where the direction is about to be decided. Instead of rushing to position, it’s better to focus on risk management first. The market will present opportunities, but only if you survive long enough.