$AWE just had a sharp shakeout and emotions are running high right now.
Price dropped fast into the 0.0505 area, grabbed liquidity, and buyers stepped in quickly. You can see the bounce from the low, showing this zone is being defended. Sellers pushed hard, but they couldn’t keep it below support for long.
Right now price is stabilizing around 0.0509. This is the moment where the market decides direction. If buyers keep holding this base, a relief move back toward the previous range is very possible. If support fails, we may see another test lower before real strength shows.
This kind of move is meant to scare weak hands. Patience matters here. Let the candles speak before chasing any direction.