WAL/USDT recent trend shows an extremely steep bullish arrangement in the moving average system, with MA7, MA20, MA60, MA120, and MA250 neatly distributed from bottom to top. The price surged to 0.1487 and then pulled back, currently hovering around 0.1480, closely sticking to the MA7 at 0.1472.

This situation appears strong, but hidden risks are lurking. The moving average divergence has already reached an excessive level, indicating that the short-term bullish momentum has been significantly overextended. Looking at the KDJ indicator, it has long entered the overbought zone, which usually means the upward space is limited.

The key support level is at MA20 at 0.1457. If this level is broken, the short-term trend is likely to reverse. More importantly, if the decline continues, it may revisit the previous low of 0.1386 for a deeper correction. The risk of such a deep pullback cannot be ignored, and preparations and risk management should be made in advance.