🔴🔴🔴🔴🔴🔴
💥 $AWE
Bearish decline for the USDT/AWE pair
- Exhaustion of bullish speculators, and a short-selling opportunity
The USDT pair recently rose to its highest level at 0.09267, showing strong upward momentum, but the price sharply retreated to 0.06417, indicating a decline in buying pressure and the potential for a bearish pullback in the future.
Key levels:
Resistance: 0.07000 - 0.07500 (previous rejection zone)
Support: 0.06000 (strong immediate support) and 0.05300 (next major support)
Current price: 0.06417
📉 Trading setup (Sell):
Entry zone: 0.06450 - 0.06600
Take profit:
First profit target: 0.06050
Second profit target: 0.05700
Third profit target: 0.05350
Stop loss: 0.06900
📝 Market outlook: After a sharp rise and a sharp sell-off, the AWEUSDT pair is consolidating below the main resistance level. Bears are gaining strength while bulls show exhaustion. A clear rejection from 0.066 is likely to lead to further declines.
⚠️ Risk management:
Trade with capital between 2% and 3% for each position, adhere to a strict stop-loss limit, and avoid over-leveraging as volatility continues to rise after the pump.
💭 Do you think this decline is just the beginning, or will the bulls resist soon? Share your thoughts below
