🟢 AWE/USDT Technical Analysis: Post-Dump Recovery
AWE/USDT has shown significant volatility, currently trading at $0.06528 after a strong 42% recovery move from the 24H low. The RSI is high (86.6), indicating overbought conditions following the sharp bounce.
The immediate key support is at $0.0600 (the psychological level and recent reaction zone). The nearest major resistance is the 24H high at $0.0709.
Action Plan (Conservative):
Entry: Wait for a cooling-off period and look for a stable entry around the $0.0620 - $0.0630 range for a healthier risk-reward ratio.
Stop-Loss: A decisive close below the strong support at $0.0550 invalidates the current bullish structure.
Take Profit (TP) Levels: Set realistic targets following the volatility:
TP 1: $0.0750 (Targeting the next structural resistance point).
TP 2: $0.0850 (Mid-range resistance from early November).
TP 3: $0.0900+ (If the overall market sentiment turns highly bullish).
Disclaimer: Extreme volatility is visible. Do not trade with capital you cannot afford to lose. Not financial advice.
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