📉 $WET
/USDT Alert: The Breakdown Continues! 🚨
Caution, traders! WET is facing heavy selling pressure today. Looking at the WET/USDT Perp chart, we are seeing a clear breakdown. The price has dropped -13.68% and is struggling to hold local support levels.
The "waterfall" effect is in play, and the momentum suggests the bottom might not be in just yet. Here is the move I’m watching:
🔍 Market Insight
The price is currently trading at 0.1279, slipping well below the MA60 (0.1288). On the 15m and 1h timeframes, the bearish volume bars are dominating. Unless we see a massive "buy-the-dip" reaction soon, we could be heading toward the next psychological support.
📉 Trade Strategy (Short/Bearish Bias)
Entry Zone: $0.1275 - 0.1285 (Wait for a retest of the broken support)
Target 1: 0.1210
Target 2: 0.1150 (Major structural support)
Stop Loss: 0.1325 (Above the recent consolidation peak)
💡 Pro Tip
Don't catch a falling knife! If you are looking for a Long, wait for a double-bottom or a clear bullish divergence on the RSI. For now, the bears are in total control.
Leave a comment for profitable trades! Are you shorting this move or waiting for the bounce?
#WET #CryptoAlert #Bearish #BinanceSquare #TradingStrategy
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