$AWE /USDT SHORT TRADE SIGNAL – BEARISH REVERSAL AFTER SHARP RALLY
Current Price: $0.05671
Timeframe: 30-Minute Chart
Market Overview:
After a strong upward rally, AWE/USDT faced resistance near $0.05978 and is now showing signs of rejection. The price has started forming lower highs, indicating a potential shift into a short-term downtrend.
Trade Setup (SHORT Position):
Entry Zone: $0.05680 – $0.05720
Target Points:
TP1: $0.05500
TP2: $0.05300
TP3: $0.05050
Stop Loss: $0.05860
(Above recent resistance wick to avoid fakeouts)
Trade Insight:
The recent bearish candle formations and strong rejection from the top indicate sellers stepping in. If price fails to reclaim $0.05720 and continues forming lower highs, a short position targeting the previous support levels is favorable.
Risk-Reward Ratio: High
Trend Direction: Bearish
Confirmation: Look for bearish engulfing candles or rejection wicks near $0.057 zone.