I have been closely watching WAL's trend recently. On January 6th, it closed at 0.1494, up 7.79% for the day, but the situation still seems a bit complicated.
The technicals are indeed contradictory. On the positive side, the price is supported by the MA-20 (0.1263) and MA-50 (0.1463) moving averages, indicating some short-term momentum. The RSI is at 52.22, not overbought, leaning slightly towards neutral.
However, there are also several issues. The MACD has shown a clear sell signal, and the price is still far from the MA-200 (0.3137), suggesting the long-term trend remains weak. The 4-hour chart even indicates a sell recommendation, contrasting with the short-term slight upward movement.
From a future perspective, I believe this week will likely see a range-bound movement between 0.1480 and 0.1602, with less than a 20% chance of a genuine breakout upward. A more realistic scenario might be continued consolidation or even a drop below the support level of 0.1480.
My personal plan is this: in the current conflicting market, I see 0.1480 as a key short-term defense line. If it breaks this level, there might be little to stop the decline. Therefore, until the price clearly breaks above 0.1550, I will remain cautious, mainly focusing on short-term trades and strictly setting stop-losses. Risk management is always the top priority.
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MevTears
· 01-07 10:52
WAL's move is indeed like the "Schrödinger's rise" in the market, going up and down in rhythm
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NeonCollector
· 01-07 10:44
WAL is indeed entangled this time, and the MACD sell signal makes it a bit uncertain.
If it breaks 0.1480, it's time to run; there's no support left.
Short-term traders should be conservative, and stop-losses must be in place.
Let's just watch for volatility this week; the probability is there.
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ColdWalletGuardian
· 01-07 10:40
WAL looks quite complicated here. I became cautious as soon as the MACD sell signal appeared.
Breaking below 0.1480 might be hard to hold, so let's wait until it stabilizes above 0.1550.
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FloorSweeper
· 01-07 10:33
WAL still needs to hold at 0.1480; if it breaks, you have to run.
I have been closely watching WAL's trend recently. On January 6th, it closed at 0.1494, up 7.79% for the day, but the situation still seems a bit complicated.
The technicals are indeed contradictory. On the positive side, the price is supported by the MA-20 (0.1263) and MA-50 (0.1463) moving averages, indicating some short-term momentum. The RSI is at 52.22, not overbought, leaning slightly towards neutral.
However, there are also several issues. The MACD has shown a clear sell signal, and the price is still far from the MA-200 (0.3137), suggesting the long-term trend remains weak. The 4-hour chart even indicates a sell recommendation, contrasting with the short-term slight upward movement.
From a future perspective, I believe this week will likely see a range-bound movement between 0.1480 and 0.1602, with less than a 20% chance of a genuine breakout upward. A more realistic scenario might be continued consolidation or even a drop below the support level of 0.1480.
My personal plan is this: in the current conflicting market, I see 0.1480 as a key short-term defense line. If it breaks this level, there might be little to stop the decline. Therefore, until the price clearly breaks above 0.1550, I will remain cautious, mainly focusing on short-term trades and strictly setting stop-losses. Risk management is always the top priority.