$GWEI /USDT has surged +17.8% recently, hitting a strong resistance zone around 0.033–0.034, and is now showing signs of exhaustion. Price has struggled to break higher and the structure favors a short-term pullback..................
This is a classic fade-the-rip short setup, where sellers can take control if buyers fail to push above resistance. Momentum is slowing, which increases the probability of a corrective move downward.................
Trade Setup (Short):
Entry: 0.033 – 0.034
Target 1: 0.031 – 0.0313
Target 2: 0.030 – 0.0303
Target 3: 0.029 – 0.0295
Stop Loss: 0.035
As long as price remains below 0.034, sellers have control and downside continuation is favored
GWEIUSDT
Perp