$AWE
USDT BEARISH RETRACEMENT – HYPE FADES AS SELLERS TAKE OVER
$AWEUSDT has shown a volatile spike towards 0.08500 but quickly retraced, currently trading at 0.06034, down 12.54% today. This indicates fading bullish momentum and an aggressive shift towards bearish control.
🔑 Key Levels:
Resistance: 0.06500 – 0.07000
Support: 0.05960 (24h low) and psychological 0.05500
Current Price: 0.06034
📉 Trade Setup (Short):
Entry: 0.06150 – 0.06000 (breakdown continuation entry)
Take Profit (TP): 0.05900 / 0.05650 / 0.05500
Stop Loss (SL): 0.06550
📊 Market Outlook: After its aggressive pump and quick rejection, $AWEUSDT is forming lower highs with each rally attempt failing below resistance zones. If sellers maintain this pressure and break 0.05960, a deeper retracement towards 0.05500 is expected in coming sessions.
⚠️ Risk Management: Avoid trading emotionally in such highly volatile coins. Use a strict stop loss and never risk more than 1-2% of your trading capital. Patience and precise entries are key to avoid being trapped in fakeout moves.
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buy and trade here on $AWE