$W /USDT – A strong rejection from the local peak! 🔥💯
📍 Current Price: $0.1038 (+0.39%)
W has entered a large liquidity area, sweeping the highs near $0.108 and quickly reversing into a bearish structure.
🔹 Market Structure:
• Clean liquidity sweep above $0.108 (marked with a red circle)
• Immediate sell-off after the sweep signals a bull trap
• Multiple bearish FVGs formed above
🔍 Price Action Insights:
• Strong and aggressive rejection candle
• The price is currently testing a new bullish FVG near $0.103
• If this level is broken, momentum may shift to a short-term bearish trend
⚙️ Trading Considerations:
Bullish Scenario (If support holds):
• Entry Point: $0.1030–0.1034
• Target: $0.1060 / $0.1075
• Stop Loss: $0.1018
Bearish Scenario (If the break continues):
• Entry Point: $0.1030–0.1040 (retesting FVG)
• Target: $0.1000
• Stop Loss: $0.1058
⚠️ Professional Tip:
Monitor how the price reacts to the FVG at $0.103. If it does not hold, expect further downside as sellers gain control after taking liquidity.
W/USDT has just executed a classic liquidity sweep + reversal. Pay attention to this important FVG area—the next move is crucial!
$W
