Attention, traders of $AWE A concerning divergence is forming on the chart, and it is crucial that you notice it.
🔴 The Key Divergence:
While most retail accounts are positioned Long (expecting a rise), trading data suggests otherwise:
Dominant Selling Pressure: The selling volume (red) consistently exceeds the buying volume (green), indicating clear bearish pressure in the market.
Persistent Bearish Trend: Despite attempts to bounce back, the price of $AWE remains below its key moving averages (MA7, MA25, MA99), confirming an underlying bearish trend.
Possible Bull Trap: The current slight rebound could be an illusion, designed to trap retail buyers before a continuation of the decline.
Possible Short Strategy:
➡️ Entry: Monitor the area of 0.05160 - 0.05170 USDT.
🎯 Targets (TP): 0.05120 / 0.05090 USDT.
🛡️ Stop Loss (SL): Above 0.05200 USDT.
⚠️ This is not financial advice. Do your own research (DYOR) and manage your risk.
#AWEUSDT #Trading #TechnicalAnalysis
