$AWE HEAVY BLEEDING – DEAD CAT BOUNCE OR REAL RECOVERY?
$AWE is hovering around $0.05369 after a brutal -16.34% crash today. Although there’s a tiny green candle showing a +0.21% flicker, overall momentum remains bearish with weak buyer interest on the recovery.
Key Levels to Watch
• Resistance: $0.05450
• Support: $0.05280
Trade Setup – Breakdown or Bounce Play
Bullish Entry:
If price can break and hold above $0.05450 with volume:
TP1: $0.05620
TP2: $0.05850
Bearish Entry:
A breakdown below $0.05280 could lead to deeper lows:
TP1: $0.05120
TP2: $0.04900
Stop-Loss:
For longs, SL below $0.05250. For shorts, SL above $0.05480.