$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.

$AWE