WALUSDT — Breakout or Breakdown? Golden Pocket the Key!Quick Context: Since May, price has formed a series of lower highs connected by a descending trendline (yellow). Beneath it lies a strong demand zone at 0.406–0.420, aligning with Fibonacci 0.5 (0.419) and 0.618 (0.407) — the golden pocket. Current price is around 0.435, pressing against the trendline and approaching the apex of the pattern.
Pattern & Key Levels
Main Pattern: Descending Triangle (downward-sloping top, relatively flat base/zone). Theoretically slightly bearish, but since it sits right on the golden pocket with compression, the probability of an impulsive breakout in either direction is high.
Major Demand / Support: 0.406–0.420 (golden pocket + base).
Immediate Resistance: descending trendline + 0.44–0.46 area.
Next resistance targets (yellow dashed lines): 0.484 → 0.542 → 0.674 → 0.732.
Downside supports if broken: 0.380 → 0.350 → 0.296.
Bullish Scenario
1. Confirmation: Daily close above the trendline and ideally > 0.460 (clear breakout confirmation).
2. Healthy Retest: Pullback to 0.44–0.46 / trendline, now acting as support.
3. Step Targets:
T1: 0.484
T2: 0.542
T3: 0.674
T4: 0.732
4. Bullish Invalidation: Daily close back below 0.420; strong invalidation if < 0.406 (loss of golden pocket).
Bearish Scenario
1. Rejection: Fails to break 0.44–0.46 / trendline and turns down.
2. Weakness Confirmation: Daily close below 0.406 (loss of base + golden pocket).
3. Downside Targets:
S1: 0.380
S2: 0.350
S3: 0.296
4. Bearish Invalidation: Daily close above 0.460 with a successful retest flips bias to bullish.
Execution Notes
Apex Break: The closer price gets to the apex, the higher the risk of false breaks — always wait for a daily close to confirm.
Volume: A valid breakout should be accompanied by increasing volume.
Risk Management: Place stops beyond the invalidation zones of your chosen scenario (below 0.406 for breakout longs; above 0.460 for rejection shorts).
> Summary: WALUSDT is being squeezed between the descending trendline and golden pocket 0.406–0.420. A daily close above 0.460 could open the path to 0.484/0.542, while a breakdown below 0.406 may trigger a drop towards 0.380–0.350.
Not financial advice; purely for educational and technical reference.
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