WAL has finally shown some movement after days of sideways trading. A single bullish candle pushed nearly 8%, with the price reaching $0.138, almost touching the previous oscillation zone top at $0.140. The community instantly exploded, with all kinds of claims like "Bull Market Returns" and "Taking Off Imminent" flying everywhere. Looking at the small unrealized gains in my account, I should be happy, but honestly, I am more cautious.

Is this rebound truly a signal that the market is starting to move? Or is it another carefully crafted bull trap?

Carefully examining the details of this rally, there are quite a few issues.

**The volume aspect is the most uncomfortable.** The price rose 8%, but the trading volume only "moderately increased," far from the massive levels seen during previous declines, and even less than some fluctuations at the early stages of sideways trading. This is what’s called a no-volume rally — fundamentally unstable. The push-up may not be driven by new buying interest at all, but simply by a temporary drying up of sell orders, plus a small amount of capital pushing the price.

**The structure also looks strange.** This rebound was almost a straight line up, with no significant pullbacks or small-scale consolidations on the hourly chart; the trend is extremely steep. Healthy upward movements, especially at the start, should be more like "two steps up, one step back" — steady and gradual. This sharp V-shaped rebound is like burning energy for the bulls; once encountering resistance, it’s easy to get knocked down, with a high risk of profit-taking and a sudden reversal.

**The most critical issue is here —** the $0.140 level has long been a pressure point. Historically, every time the price reached this level, profit-taking would significantly concentrate. Now, with no volume to support the surge, approaching this zone makes the rally prone to collapse. Not to mention, the entire market is still waiting for macroeconomic expectations to be validated, and sentiment is easily volatile.

So, what should we do now? My judgment is to stay observant. If the price can truly break through $0.140 and hold steady, accompanied by a significant increase in volume, then it’s worth reassessing. Otherwise, if it pulls back, the support level to watch is around $0.125. Don’t get carried away by a single bullish candle — in this circle, the ones who make the most money are always those who can stay calm and analyze objectively.