$GWEI – Weakening Momentum Near Resistance (Short Setup)
$GWEI is pushing into a dense resistance zone where upside momentum is starting to fade. The recent rally lacks strong follow-through, and each attempt to break higher is being met with selling pressure.
This kind of price behavior often signals distribution rather than continuation. Buyers are struggling to maintain control, while sellers are gradually stepping in around the highs. If this weakness persists, the current zone could act as a rejection area, opening the door for a deeper pullback.
📉 Trading Plan — SHORT (Max 10x)
Entry Zone: 0.117 – 0.123
Stop Loss: 0.130
Targets:
TP1: 0.109
TP2: 0.098
TP3: 0.087
As long as price remains capped below resistance and momentum continues to decline, the setup favors downside continuation.
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