Walrus is forming another structure

WAL has dropped to lower levels, leaving behind a favorable imbalance in price action. The structure currently forming could offer a setup with a healthy risk-to-reward ratio. A confirmed Change of Character (CHoCH) would be the ideal signal to start building a position and anticipate a potential trend reversal. Ideally, we’d also want to see the total market cap reflect a similar signal for added confluence.

Both momentum and trend oscillators are showing signs of divergence — now, all that’s needed is a structural shift to confirm follow-through.