#walrus$WAL 1. Technical Analysis (Candles and Indicators)
Based on the 4-hour chart:
* Current price: Approximately 91,155$.
* Trend: We observe a minor double top pattern at the 94,000$ level, where the price failed to break through and subsequently started declining.
* HARSI indicator: Clearly shows the price exiting the "overbought" zone and moving downward, indicating that the downward momentum remains strong in the short term.
* Support: The price is approaching the green support cloud (AlgoAlpha) extending up to the 90,000$ - 88,000$ areas.
2. Liquidation Map
This image is the "key" to whale movements:
* Liquidity below: There is a massive accumulation of long liquidations at the 87,000$ - 85,000$ zones. The market usually targets these areas to clear out "high-leverage open positions" before a genuine rally.
* Liquidity above: There are massive short positions above 92,300$.
3. Platform Data (Open Interest & Long/Short Ratio)
* Open Interest (OI): We observe a slight decrease in Open Interest alongside the price drop, which indicates traders exiting the market (closing positions), a positive sign for cooling down the bullish trend.
* Long/Short Ratio: Most "major traders" still lean towards buying (Long), which might push the market maker (Market Maker) to drop further to hit their stop-losses before a potential rally.
Conclusion: Is the price suitable for entry now?
From my professional perspective, entering fully at the current price (91,100$) is considered medium to high risk, and the reason is the presence of a strong "liquidity magnet" at the 87k - 88k levels.
Here is the proposed action plan:
* DCA Entry: If you're a long-term investor, you can enter with 25% of your capital here, and leave the remaining 75% for pending buy orders at strong support zones.
* Golden Entry Zones: The best professional entry point based on the data is between 87,500$ and 89,000$.
* Bullish Confirmation: We don't consider the market fully safe for a rocket-like rally unless a 4-hour candle closes above 92,500$ (to break through the selling pressure zone).
> Expert Tip: The market is currently in a "consolidation phase." Don't be swept away by emotion (FOMO). Whales need downside liquidity (liquidations) to fuel their upcoming rally.
>