$WAL was looking solid after that bounce from 0.133 but the momentum just died at the 0.152 resistance. Now we're sitting at 0.1434 and it feels like it's stuck in no man's land. The 1h chart shows a pretty clear rejection. We've got a series of lower highs forming right now which isn't great if you're holding a bag. If we don't hold this 0.141 area as support we might be looking at a slow bleed back to the start of the move. Volume is also thinning out compared to that big green spike yesterday. I’m keeping an eye on it but I'm not jumping in until I see a strong hourly close back above 0.146. For now it's just a waiting game.
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Did everyone just give up on this pump?
$WAL was looking solid after that bounce from 0.133 but the momentum just died at the 0.152 resistance. Now we're sitting at 0.1434 and it feels like it's stuck in no man's land.
The 1h chart shows a pretty clear rejection. We've got a series of lower highs forming right now which isn't great if you're holding a bag.
If we don't hold this 0.141 area as support we might be looking at a slow bleed back to the start of the move. Volume is also thinning out compared to that big green spike yesterday.
I’m keeping an eye on it but I'm not jumping in until I see a strong hourly close back above 0.146. For now it's just a waiting game.
#PredictionMarketDebate