🚀 $AWE — LONG SETUP (Channel Bounce Play)
Market Structure
Price is respecting an ascending channel (higher lows intact).
Recent dip held the lower trendline support and bounced.
Small bullish candles = buyers stepping in, no aggressive sell-off.
RR box you drew already favors upside continuation.
Entry (Long)
0.0562 – 0.0566
(Current price sitting right in the demand / mid-channel zone)
Stop Loss
0.0552
(Clean invalidation below channel support + recent wick low)
Targets
🎯 TP1: 0.0578 (local resistance)
🎯 TP2: 0.0590 (channel mid–upper zone)
🎯 TP3: 0.0597 – 0.0600 (upper trendline / liquidity area)
Risk–Reward
Approx 1 : 2.5+ if TP2 hits
Excellent continuation RR if momentum expands
Confirmation to Watch (Optional but 🔥)
15m candle close above 0.0568
Volume expansion on bullish candles
No strong rejection wicks near 0.0570
Bias
✅ Bullish while above 0.0552
❌ Breakdown + close below channel = setup invalid
💡 Pro Tip:
If price taps TP1 and pulls back without breaking 0.0565, that’s a textbook re-entry / add-on long.
Trade $AWE from here to support me👇
